Prabowo Criticizes Neoliberal Economics: Wealth Trickle Down Myth Debunked

President Joko Widodo’s successor and current President of Indonesia, Prabowo Subianto, delivered a strong criticism of neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB) on Wednesday evening. He challenged the belief that wealth concentrated at the top will eventually “trickle down” to the wider population, dismissing it as a myth that has never materialized. Prabowo emphasized the importance of Article 33 of the Constitution in ensuring the well-being and prosperity of the people, stating that the true purpose of the state is to eradicate poverty and hunger. He highlighted the need for a people-centered economy based on mutual cooperation and familial solidarity, contrary to the principles of neoliberalism that justify inequality. Prabowo’s remarks underscore his commitment to inclusive economic policies and his rejection of models that perpetuate societal disparities.

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