President Prabowo Subianto criticized the concept of neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB). He challenged the idea that wealth concentrated at the top will eventually trickle down to benefit the wider population, labeling it as a myth that has never materialized. Prabowo highlighted the importance of Article 33 of the Constitution, emphasizing the need for the state to ensure the safety and prosperity of its people, without poverty or hunger. He also emphasized the significance of democratic ideals in addressing basic hardships faced by citizens and stressed the spirit of mutual cooperation and familial solidarity as outlined in Article 33. Prabowo rejected the neoliberal view that wealth distribution through the trickle-down effect benefits everyone, stating its ineffectiveness after 200 years of waiting. His speech reiterated his commitment to a people-centered economy that serves all citizens, opposing models that perpetuate inequality.
Prabowo Criticizes Neoliberal Economics: Wealth Trickle Down Myth Debunked
