Govt believed to have applied wrong economic system: Prabowo says

A prospective president nominated by the Indonesian Movement Party (Gerindra), Probowo Sibianto, said the government was believed to be on array in applying the economic system of Indonesia.

The economic system of Indonesia would be deemed to be in the right tract if it was in line with the chapter 33, point one, of the 1945 constitution which described that the economy was formulated on the basis of family principles, Prabowo who is also chairman of the Garindra Party`s Advisory Board said here on Thursday.

"I dare stress that our economic system applied for the past tens years is on array and needs reforming," he said in commenting the today`s economic system of Indonesia.

According to him, if the present economic system was to be maintained, in the next 50 or 100 years the people of Indonesia would remain poor.

He further said that the economic system worked out by the founders of this nation should not be abolished and it had to be applied instead, if all people were desiring to enhance the economy of the people.

"I have a high confidence on it, because I have data and the results of researches conducted by some high learning constitutions in foreign countries," Prabowo said.

However, Prabowo reiterated that he refused the privatization of state enterprises by the government as it had violated the law. The strategic state assets should be maintained and could not be sold.