Suharto Capitalism

Will the growth engine he built survive the strains of his final years in power?

In the violence that preceded Indonesia's recent election, one day in May stands out. Rampaging election mobs tore through streets in towns throughout the archipelago, setting fire to a department store and burning alive 123 rioters trapped inside. Anticipating violence, thousands of Indonesians had stocked up on goods and locked themselves up in the safety of their homes. Some had even ordered cable television to watch the news. Thus, Indovision, News Corp.'s pay-TV network in the country, scored a record number of sales as hundreds of new subscribers paid about $1,000 each for their first monthly subscriptions, digital decoders, dish antennas, and installation fees.

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