President Joko Widodo’s successor and current President of Indonesia, Prabowo Subianto, delivered a strong critique of neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB) on Wednesday evening. He criticized the belief that wealth concentrated at the top will eventually trickle down to the wider population, calling it a myth that has never materialized. Prabowo emphasized the importance of the state in ensuring the safety and prosperity of its people, highlighting the need to address basic needs such as decent housing, food security, and employment opportunities. He referenced Article 33 of the Constitution, which promotes an economy based on mutual cooperation and familial solidarity rather than corporate conglomerates. Prabowo rejected the notion of trickle-down economics, arguing that wealth distribution should be more equitable to benefit all citizens. His remarks underscore his commitment to inclusive economic policies that prioritize the well-being of all Indonesians, not just the elite.
Prabowo Criticizes Neoliberal Economics: Wealth Trickle Down Myth Debunked?
