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#56988 - 20 Jul 07 07:24 ABC/Investors want stability, not democracy: Indonesia
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Investors want stability, not democracy: Indonesia

By Foreign Affairs editor Peter Cave

Mr Kalla says investors in Indonesia need stability rather than democracy. [File photo] (AFP: Toru Yamanaka)

Indonesia's Vice-President Jusuf Kalla says stability is more important to Indonesia than democracy.

He has gently chided visiting politicians who compliment his country on its progress in moving back to democracy.

The Vice-President says he is always thankful to hear compliments about Indonesia's strides forward in democracy, but not when those giving the compliments hopped on a plane and went to Beijing with their investment dollars.

"I mean, what you look you needed, democracy or stability?"

"I think you need stability, not democracy," he said.

Speaking to the Jakarta Foreign Correspondents Club, Mr Kalla said if Indonesia had democracy without stability investors would leave the country.
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#56989 - 20 Jul 07 07:29 Re: ABC/Investors want stability, not democracy: Indonesia [Re: KuKuKaChu]
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
Quoting: KuKuKaChu
"I mean, what you look you needed, democracy or stability?"

"I think you need stability, not democracy," he said.

i'll tell you what we investors need, you moron: we need transparancy in investment regulations; we need a clean bureaucracy; we need govt based on rule of law.

we *don't* need you and your mates from KADIN thinking they have some kind of right over our businesses. we *don't* need indonesian "partners" with their parasitic rentier mentalities.

that's it, Pak Kalla. give us what we need. it's within your power to do this.
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#56992 - 20 Jul 07 08:18 Re: ABC/Investors want stability, not democracy: Indonesia [Re: KuKuKaChu]
riccardo Offline
Pujangga

Registered: 12 Oct 05
Posts: 2195
Loc: Jakarta
Well, he does have a tiny part of it correct about democracy (look at Vietnam, Singapore, China -- all doing well with investment, but poor democracy), what he does not seem to grasp is that those countries DO have a "democratic" (read: equitable) playing field for foreign businesses. He's clearly using this "argument" to divert attention from being criticized for actually hampering business via the rent-seeking mentality.

He likely believes that if he can portray it as a zero-sum game (i.e., democracy and uncertain biz climate VS. no democracy and decent biz) that foreign journalists will side with him on keeping democracy. He then would be free to maintain the corrupt status quo, which greatly benefits (BUT only in the very short term) himself and his party and his cronies.
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