President of Indonesia, Prabowo Subianto, critiqued neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB). He dismissed the idea that wealth concentrated at the top will eventually trickle down to the wider population as a myth. Prabowo emphasized the importance of Article 33 of the Constitution in ensuring the prosperity and well-being of the people. He highlighted the need for a state that addresses basic needs and supports its citizens. Prabowo’s vision is centered around creating an economy based on mutual cooperation and familial solidarity, challenging the neoliberal belief in trickle-down economics. He rejected the notion that wealth accumulation at the top benefits everyone, arguing for inclusive economic policies that serve all citizens, not just the elite.
Prabowo Criticizes Neoliberal Economics: No Wealth Trickling Down After 200 Years
