Lecturers from the National Institute of Science and Technology stated that Indonesia is rich in resources such as gold, nickel, natural gas, and coal, yet many people live in poverty. Roads in mining villages are potholed, dilapidated schools sit on valuable land, and children inhale dust every day. In resource trade, there are issues such as cross-border trade fraud, document forgery, and quality falsification. For example, low-quality Indonesian coal is sold to foreign intermediaries at $28/ton, then "upgraded" and resold to other countries at $92/ton, with the price difference generating huge profits. If 100 million tons of coal are exported annually, with a price difference of $20-60/ton, the potential annual profit reaches $2-6 billion, and over 20 years it could reach $40-120 billion (approximately IDR 1,800 trillion), which may only be obtained by a handful of intermediaries. Ensuring good governance faces enormous challenges, and the regulatory system is not strong enough to counter the interest groups behind it. This is not an individual issue, but rather the exploitation of loopholes in a complex system. President Prabowo proposed the concept of "greed economics," stating that he will not allow a minority to control the nation's wealth, nor will he let the energy and mineral sectors become an "ATM" for the elite. He will uphold his inaugural oath and fulfill the mission of the 1945 Constitution, which concerns the fate of the nation and the sovereignty of the land.
Lecturers from the National Institute of Science and Technology stated that Indonesia is rich in resources such as gold, nickel, natural gas, and coal, yet many people live in poverty. Roads in mining villages are potholed, dilapidated schools sit on valuable land, and children inhale dust every day. In resource trade, there are issues such as cross-border trade fraud, document forgery, and quality falsification. For example, low-quality Indonesian coal is sold to foreign intermediaries at $28/ton, then "upgraded" and resold to other countries at $92/ton, with the price difference generating huge profits. If 100 million tons of coal are exported annually, with a price difference of $20-60/ton, the potential annual profit reaches $2-6 billion, and over 20 years it could reach $40-120 billion (approximately IDR 1,800 trillion), which may only be obtained by a handful of intermediaries. Ensuring good governance faces enormous challenges, and the regulatory system is not strong enough to counter the interest groups behind it. This is not an individual issue, but rather the exploitation of loopholes in a complex system. President Prabowo proposed the concept of "greed economics," stating that he will not allow a minority to control the nation's wealth, nor will he let the energy and mineral sectors become an "ATM" for the elite. He will uphold his inaugural oath and fulfill the mission of the 1945 Constitution, which concerns the fate of the nation and the sovereignty of the land.