Political observer Rocky Gerung warned President Prabowo Subianto's administration regarding the current situation, especially in the political and economic fields, which is said to have similarities to the ahead of the 1998 Reformation.
"So we really want to see what conditions we can use as a marker to analyze the state of these days. So it is very similar to the conditions we experienced in 1998 which we call Reform," he said as quoted in his personal broadcast, Sunday, March 9, 2025.
According to him, in various ways, especially the condition of the cabinet led by Prabowo, there was a resemblance to 1998, where the rift in the cabinet caused reform in 1998. In addition, foreign investor distrust of the rupiah condition suddenly became Rp. 16,000, causing capital outflows and rush conditions in banks.
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The condition finally made President Suharto resign as well as marked the birth of the Reformation as an effort to bounce back. And if we look at today's situation, no one has confirmed that the dark Indonesian tagline has gone viral again, even in a more creepy version. So actually we understand that politics and the economy, he has his own logic, "explained Rocky.
He stated that a deteriorating political situation would cause a reaction to the economy, and vice versa.
"So intervening, interconnecting between economies and politics like these days is exactly what took place in 1998. That's why conditioning these days allows us to theorize that there are problems," he continued.
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