Prabowo Subianto, the current President of Indonesia and successor to President Joko Widodo, delivered a scathing critique of neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB). He denounced the belief that wealth concentrated at the top will eventually trickle down to the broader population, labeling it as a myth that has never materialized. Prabowo emphasized the importance of Article 33 of the Constitution, which he believes lays the foundation for a state that ensures the prosperity and well-being of its citizens. He highlighted the need for a people-centered economy, based on principles of mutual cooperation and familial solidarity, as outlined in the Constitution. Prabowo rejected the idea of trickle-down economics, stating that after 200 years, there has been no evidence of wealth trickling down to the masses. His speech underscored his commitment to inclusive economic policies and his vision of an economy that serves all citizens, not just the elite.
Prabowo Criticizes Neoliberal Economics: Wealth Trickle Down Theory Fails
