Universitas Islam Indonesia

Sadly, Economic Democracy is just a Political Jargon E-mail
Wednesday, 04 July 2012

ImageEconomic Democracy terminology that should be a unity binding of the life of the nation is now raising when the Indonesian election campaign just begins. Hence, the urgency of Economic Democracy implementation is only used as a mere political campaign.

Economic practices in Indonesia are no longer in line with the values ​​and culture of the nation's economy, our economy system has shifted into liberal capitalist ideology due to economic globalization phenomenon. As the result, there is wider disparity across all sectors in the life of the nation.

This statement was confirmed by UII Rector, Prof. Dr. Edy Suandi Hamid, M.Ec acting as speaker at National Seminar entitled ‘Economic Democracy as the part of Indonesian Culture’ on Tuesday (7/3), located at Universitas Sarjanawiyata Tamansiswa (UST) Yogyakarta.

Prof. Edy outlined that Indonesia is a very rich country, but people in Indonesia still live below the poverty line. This fact reveals that Indonesian resources leaking back into other countries. In other word, natural resources potentials of Indonesia are under foreign control.

"More than 90% of 120 sub-contract mining in Indonesia are under foreign control. It is not surprising that Indonesia is rich in oil but in most oil producing region in Indonesia are still suffering oil deficit.” He emphasized

Unfortunately, many of Indonesian laws are contrary to Pancasila. 81 laws are inconsistent with the philosophy of Pancasila.

Prof. Edy was worried that this fact will reduce and eliminate economic democracy substance (Pancasila) as part of the Indonesian Culture. Thus, Indonesian government must take a response to restore the economic system in Indonesia that promotes mutual cooperation.

"If government has no political will, I am afraid that Economic Democracy will be lost in our country." He concluded

The seminar that was organized to commemorate 90th anniversary of Tamansiswa foundation featured expert speakers including Head of Tamansiswa Foundation Prof. Dr. Sri-Edi Swasono, SE., MPA., Ph.D (Professor of Economic at Universitas Indonesia) and Dean of Faculty of Economics UST, Dr. Sahedhy Noor SK, MM.




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