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Senin, 08 Juni 2009

Yudhoyono's Middle Way Economics

VIVAnews - The first speech of the incumbent president Susilo Bambang Yudhoyono in his campaign prior to the 2009 presidential elections emphasized the implementation of the middle way economics, equal growth, and rejection over absolute capitalism.

Chairman of Democratic Party Central Board Anas Urbaningrum said on Friday, June 5, the speech highlighted that state keeps on practicing economic intervention. However, it will be carried out by prioritizing the principle of justice.

The said intervention does not include full state authority because the market must still develop in line with its mechanism to boost growth.

Simple view on the economic principle, said Urbaningrum, is that growth and equity collaborates hand-in-hand with market power as well as state intervention.

"Therefore, the policies which side with the people are improved in scale," he said.

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Translated by: Bonardo Maulana Wahono

• VIVAnews

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