How Misleading Narratives Create Crises
Monday, September 1, 2025
Protests expose the gulf between government narrative and economic reality. Markets fear the gap could trigger a crisis.
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THE mass protests that erupted last week were an ominous signal: social tensions in Indonesia are reaching a dangerous pitch. The prospect of a crisis that is both political and economic feels increasingly imminent.
At the root of this unrest lies the widening gulf between the hardships faced by citizens and the super-positive narrative promoted by the government. Reality points to an economy under strain: rice prices have surged, unemploym
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