Posted in: Economy

For many observers, Danantara potentially reproduces Indonesia’s predatory political economy. On this view, SOEs embody rising economic nationalism, that is state capitalism, and crowd out capital formation by private firms. Yet, digging into its board structure, it is apparent that Danantara instead reflects combined forms of capitalism – private fossil-fuel and tech, as well as state capital – that have overall benefited from Indonesia’s oligarchic politics, as well sustaining its high costs.

As the largest economy in Southeast Asia, Indonesia presents a compelling case for deeper engagement with Australia’s Landing Pads program.

The Indonesian gig economy has the potential to be a win-win for both workers and companies, but only if it's built on a foundation of fairness and dignity. Law reform, gig cooperatives and gig unions offer a path towards achieving this balance.