Prabowo Criticizes Neoliberal Economics: Wealth Trickle Down Myth Debunked

Prabowo Subianto, who is Indonesia’s President and successor to Joko Widodo, delivered a powerful critique of neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB) on Wednesday evening. He questioned the long-standing belief that concentrating wealth at the top will eventually benefit the wider population, describing it as a myth that has never materialized. 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 the state to prioritize the safety and welfare of its citizens, citing the prevalence of poverty, hunger, and other basic hardships. Prabowo also emphasized the value of democratic ideals, pointing out that true democracy is meaningless if people continue to face hardships. He underscored the economic principles outlined in Article 33, which advocate for an economy based on mutual cooperation and kinship, rather than corporate conglomeration. Prabowo’s rejection of neoliberalism’s trickle-down theory, which suggests that wealth will eventually benefit all, resonated with his vision of a people-centered economy that serves all citizens, not just the elite. This speech reaffirmed his commitment to inclusive economic policies and a rejection of models that perpetuate inequality.

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