History of Capitalist Development in Indonesia: Part Two - National Independence and the Old Order

History of Capitalist Development in Indonesia: Part Two - National Independence and the Old Order

The defeat of the PKI (Indonesian Communist Party) in the 1920s led to the handing over of the leadership of the national liberation struggle to the emerging national bourgeoisie which was tied hand and foot to imperialism. While the national bourgeoisie was inherently incapable of completing the task of national liberation, the Stalinist PKI in the 1950s adopted the incorrect two-stage theory, which was later to lead to the bloodiest counter-revolution in 1965.

Image keywords:
1940 guilder, Marxism, Revolution, 1917, Marx, Lenin, Trotsky
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