The last time the words "crisis", "cabinet reshuffle", "drastic depreciation" were deployed in Indonesian politics, a president fell from grace. Ten years and four presidents later, my fellow correspondents might be waiting with glee for a chance to employ these in their lexicons again.
But this article is not about that rumour of a senior minister plotting to deport another senior minister (whose welfare not as equal). It is however about the current crisis , once thought only will engulf the U.S. Of A but not WOUSA (world outside the USA). In particular, this crisis is about whether indeed in our case, capitalism is at bay.
Unless you have been staying in a deserted island since early October, you would have heard whispers of pure poison about the rise and fall of capitalism and that the time of socialism is upon you. The Economist, that bastion of free market and democratic reform has predictably put a case arguing that infact capitalism should still be the preferred model, because it has been responsible for all the wealth creation that the world has ever seen. It has also argued that speculators , the favourite bad guy making the rounds these days are in fact not responsible at all for this crisis.
So should we in Indonesia flog capitalism at the next market and try our luck with Cooperatives?
Cooperatives in Indonesia - much to its acknowledged "father", co-proclamator Hatta's dismay- never really found the market equilibrium.
Even in the bad old days of the Krismon, we never looked back and continue to worship at the temple of capitalism...
But this article is not about that rumour of a senior minister plotting to deport another senior minister (whose welfare not as equal). It is however about the current crisis , once thought only will engulf the U.S. Of A but not WOUSA (world outside the USA). In particular, this crisis is about whether indeed in our case, capitalism is at bay.
Unless you have been staying in a deserted island since early October, you would have heard whispers of pure poison about the rise and fall of capitalism and that the time of socialism is upon you. The Economist, that bastion of free market and democratic reform has predictably put a case arguing that infact capitalism should still be the preferred model, because it has been responsible for all the wealth creation that the world has ever seen. It has also argued that speculators , the favourite bad guy making the rounds these days are in fact not responsible at all for this crisis.
So should we in Indonesia flog capitalism at the next market and try our luck with Cooperatives?
Cooperatives in Indonesia - much to its acknowledged "father", co-proclamator Hatta's dismay- never really found the market equilibrium.
Even in the bad old days of the Krismon, we never looked back and continue to worship at the temple of capitalism...
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