Prabowo Subianto, the current President of Indonesia and successor of President Joko Widodo, delivered a powerful critique of neoliberal economic theory at the 27th anniversary of the National Awakening Party (PKB). During his speech, he challenged the notion that wealth concentrated at the top will eventually benefit the wider population through “trickle-down” economics, dismissing it as a long-standing myth that has never materialized. Prabowo emphasized the importance of Article 33 of the Constitution, which outlines the state’s role in ensuring the safety, prosperity, and well-being of its citizens. He highlighted the need for a people-centered economy based on principles of kinship and cooperation, rejecting the neoliberal idea of benefiting a few at the expense of the majority. Prabowo’s remarks underscored his commitment to inclusive economic policies and a rejection of models that perpetuate inequality in Indonesia.
Prabowo Criticizes Neoliberal Economics: No Trickle Down Wealth in 200 Years
