Johnnie

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The IMF demanded what amounted to a structural adjustment program in Indonesia, which dictated spending cuts, an increase in the production of raw materials for export, currency devaluation, monetary tightening, and an end to government subsidies.13 Sukarno’s ministers went along with the IMF’s demands, and they had a swift, severe, and widespread impact on the population, which saw prices double, triple, or even quintuple overnight. The PKI denounced the measures as an attack on the poor, but the government pressed forward anyway, seemingly committed to securing the next aid package from ...more
The Jakarta Method: Washington's Anticommunist Crusade and the Mass Murder Program that Shaped Our World
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