It’s a wake-up call… By Mehmet Enes Beşer Since the demise of Suharto’s New Order regime twenty years ago, Indonesia’s middle class has been hailed as the shining star of Indonesia’s achievement in democracy and development. Through economic liberalization and political reform, millions of aspiring citizens—entrepreneurs, bureaucrats, city professionals—have been created who are not only a consumer class but the ...
By Özgür Altınbaş U.S. National Security Advisor Jake Sullivan made a statement full of confessions about the US economy. Stating that the economy can no longer be saved with the existing system, Sullivan called for increasing public investments. The US official also underlined that the American middle class is losing ground. The leaders of the system in the U.S. themselves ...