Why Indonesia’s Big Billionaires Are Under ‘Threat’ From The State

Indonesia’s recent riots have caused President Prabowo to shift away from military interventions and towards a focus on the wealth of the country’s billionaires. This move reflects a strategy centered around state-led capitalism and increased investment in welfare programs for the populace. The decision to target the ultra-rich has sparked fears among Indonesia’s billionaire class, as they anticipate potential consequences for their financial standing. President Prabowo’s stance marks a significant departure from traditional approaches to civil unrest, signaling a new era of economic policy in Indonesia.