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Ronnie Higuchi Rusli. @Ronnie_Rusli
Privatization in Russia: 1.The firms being sold off would remain under Russian jurisdiction, cannot operated by offshore owners.
Ronnie Higuchi Rusli. @Ronnie_Rusli
2. The companies privatized shall remain subject to Russian laws and regulations and should kept their capital within Russia.
Ronnie Higuchi Rusli. @Ronnie_Rusli
3. The companies to be privatized cannot be bought with domestic state bank credit.
Ronnie Higuchi Rusli. @Ronnie_Rusli
4. Buy out parts of the companies should be done with injection of foreign hard currencies, not with local currency
Ronnie Higuchi Rusli. @Ronnie_Rusli
5. Privatization is restricted to state banks, energy, telecommunication & harbor companies, defense industries and public transportation.
Ronnie Higuchi Rusli. @Ronnie_Rusli
6. My conclusion; Indonesia governments can help revive the economy by monetization instead of indebting the country to private creditors
Ronnie Higuchi Rusli. @Ronnie_Rusli
7. What is monetization?: Government issued bonds to the public at high coupon yield and the lowest taxation rate to attract buyer.
Ronnie Higuchi Rusli. @Ronnie_Rusli
8. Large pension pool money will buy high yield bonds to support pensioner living cost and money spent recycled back to the domestic economy
Ronnie Higuchi Rusli. @Ronnie_Rusli
9. Monetization would also meant printing money by the central bank, to a certain cases like rising money for the public goods
Ronnie Higuchi Rusli. @Ronnie_Rusli
10. Indonesian gvrnmnt have many effective instruments to revive the economy, instead of indebting the country to foreign private creditors
Ronnie Higuchi Rusli. @Ronnie_Rusli
11. Unfortunately the government officials often times fell to the traps made by foreign private creditor advisers to indebted
Ronnie Higuchi Rusli. @Ronnie_Rusli
12. There is no need for Indonesia government to accept this pro-rentier economic philosophy that bleeds the country of public revenues.
Ronnie Higuchi Rusli. @Ronnie_Rusli
13. Neoliberals economist in Indonesia are promoting it, by not fostering domestic economy, but to bring Indonesia to its knees.
Ronnie Higuchi Rusli. @Ronnie_Rusli
14. Indonesian government needs to retain national enterprises or SOE as a countervailing foreign economic power to dictated it destination
Ronnie Higuchi Rusli. @Ronnie_Rusli
15. Governments must operate public goods and other basic infrastructure to lower the cost of living and for doing competitive business
Ronnie Higuchi Rusli. @Ronnie_Rusli
16. Bear in mind the aim of private ownership, by contrast, is to raise the prices as high as they can. This is called “rent extraction.”
Ronnie Higuchi Rusli. @Ronnie_Rusli
17. This controlled economy in the few hands is the opposite of what the classical economists meant by “free market.”
Ronnie Higuchi Rusli. @Ronnie_Rusli
18. The more economic power moves from government to private hands, the less countervailing power government has against private interests
Ronnie Higuchi Rusli. @Ronnie_Rusli
19. From this standpoint, no privatizations should be permitted in Indonesia at this time especially by pooling into a holding companies END
Ronnie Higuchi Rusli. @Ronnie_Rusli
20. As a closing remark: Much less should foreign companies be permitted to acquire ownership of Indonesia national assets.
Ronnie Higuchi Rusli. @Ronnie_Rusli
Globalization was invented tool of Privatization, is the vehicle to undercut economic sovereignty & to increase profits by raising prices.
Ronnie Higuchi Rusli. @Ronnie_Rusli
Be aware government officials statement of globalization either he is gullible stupid or part of the Fifth Collumn allied to foreign power

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