ABSTRACT

More than anywhere else on the Rim, the Indonesian “miracle” economy came wrapped in a political straight-jacket. To miss this fact is to minimize the emancipatory potential of the Crash of 1997-98. It is telling that the Crash as a whole is commonly referred to as the Asian financial crisis, as if political and other non-economic factors can be bracketed out of consideration. Such erasure long shielded corrupt regimes, and then played a key part in turning the Crash into an ongoing Crisis.