10 Interesting Fact About Capitalism

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• Capitalism in Indonesia began to be known since the Dutch colonial period in the 19th century.
• Now, Indonesia is the 16th largest economy in the world with a capitalist system.
• One of the important figures in the development of capitalism in Indonesia is Liem Sioe Liong, founder of Salim Group.
• Capitalism in Indonesia is still concentrated in certain economic sectors such as mining, plantation, and banking.
• During the New Order era, the government carried out privatization and deregulation that strengthened the capitalism system in Indonesia.
• However, capitalism in Indonesia also faces problems such as economic inequality and dependence on the export sector.
• Indonesia has several large companies managed by rich families such as BCA, Unilever, and Astra International.
• High economic growth over the past few decades has brought Indonesia into an increasingly large era of consumers.
• Capitalism in Indonesia has also influenced social and cultural life, such as increasing consumerism and materialism.
• Some critics consider capitalism in Indonesia as a major cause of corruption, land acquisition, and social injustice.