My favourite Indonesian politician is Jusuf kalla, the vice-president. I admire and so proud on him and his logical thinkin' about what is this nation needs to improve.
Recently on a Today's Dialogue show about Indonesia's BUMN (a profit institution that owned by the state) future on MetroTV, he easily outspoken the know-it-all-blame-it-all Amien Rais (Indonesia reformation icon politician). I can't remember all details of that debate. But the main idea is like this :
Jusuf Kalla : "Garuda Indonesia is now a profitable company owned by our nation. This company is never gain profit until this year. So now, we need to improved it more by selling some of it's stock share"
Amien Rais : "So the issue about the goverment want to to sell some of it's BUMN is true??"
Jusuf Kalla : "Yes.. In order to advance, we need to do that"
Amien Rais : "i don't know what is the goverment want by selling high profitabel Indonesia's assets like Garuda Indonesia and Indosat and in the same time we manage to keep the always profit-loss company"
Jusuf Kalla : "I have a great respect to you Mr. Amien, but i don't think this conversation will be over. This because you don't know the basic of capital market. To make a company to gain more profit, we need to gain more capital. And to gain more capital, we have to sell some of the stock in the stock market. And an always profit loss company will never can be sold on the stock market. That's why we keep it and improved it first before we sold it to improve them. This case is like the Garuda Indonesia's case. It's a profitable company now, so we can sell it's stock to foreign investor"
(MC) : We'll be right back after the break..
As you might notice,, that the previous conversation is highly improved by my own herb and spices seasoning to make it more fun to read. But still, I think in that show J.K. have give Mr.Amien Rais a capital economy 101 lesson.. a very good one.