TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Jokowi should learn from Soeharto’s fall from grace in May 1998

The same fate could befall Jokowi, even before he accepts the tempting appeal to hold on to power.

Kornelius Purba (The Jakarta Post)
Premium
Jakarta
Mon, May 24, 2021 Published on May. 23, 2021 Published on 2021-05-23T22:01:00+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Jokowi should learn from Soeharto’s fall from grace in May 1998 President Joko 'Jokowi' Widodo gestures during a virtual dialogue with 50 global business leaders held by the World Economic Forum (WEF) in Jakarta on Nov. 25, 2020. (Presidential Palace Press Bureau/Muchlis Jr)

D

o any of you still remember the humiliating moment experienced by former president Soeharto when he met International Monetary Fund (IMF) boss Michel Camdessus 23 years ago? Or when he stepped down on May 21, 1998, just two months after his election for the seventh successive term?

Now that die-hard supporters of President Joko “Jokowi” Widodo are calling for their idol to continue leading the country for another five-year tenure through a Constitutional amendment, I warn the President against emulating Soeharto. The very same individuals who cheerfully applauded Soeharto’s reelection on March 11, 1998, came to his house a week later and told him he “should go”.

The same fate could befall Jokowi, even before he accepts the tempting appeal to hold on to power. He has repeatedly denied his intention to amend the Constitution in order to allow him to bid for a third term.

I remember when Camdessus arrived at Soeharto’s private residence in Menteng, Central Jakarta, on Jan. 15, 1998, the then-president directly ushered his French guest to the living room. A moment later, Soeharto sat in front of a table and was ready to sign the Letter of Intent as part of the IMF’s US$43 billion bailout package for Indonesia.

Camdessus was standing and staring at Soeharto with both his arms folded when Soeharto signed the LoI to implement a 50-point economic reform package, including the abolition of the monopoly of clove trade controlled by his youngest son Hutomo “Tommy” Mandala Putra. According to the IMF, ”the sale and transport of cloves, across district and provincial boundaries were completely freed. Buyers, traders and factories are now free to buy, sell and transport cloves at unrestricted prices.”

A picture of Soeharto signing the LoI under the close watch of Camdessus appeared on the front page of all national newspapers, including The Jakarta Post, and quickly provoked nationwide anger — as if the pride of the nation was severely hurt.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Jokowi should learn from Soeharto’s fall from grace in May 1998

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.