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DECEMBER
22, 2000 VOL. 26 NO. 50 | SEARCH ASIAWEEK
Looking
Back
Fall of a Strongman:
JAKARTA,
MAY 1998
Everyone watching, it seemed, was holding their breath. The smile
usually gentle, now taut with bitterness never left Suharto's
face. "I'll say thank you very much for your support and I am sorry
for my mistakes," he said, announcing his resignation after 32 years
as Indonesia's dictator and president. He stood aside as his vice president,
B. J. Habibie, was sworn in as his successor. He shook Habibie's hand,
and walked down a line of judges shaking hands. He gave a small salute
to onlookers. Then he walked away.
Immediately, the students who had protested in the streets of Jakarta,
above, and then occupied parliament began to celebrate. At least 500
people had died in the preceding days, many in mall fires set by rioters
hardly a blip on the crackdown radar of a man who began his reign
with a massacre of about 500,000 alleged communists. Much of Indonesian
society began to turn against Suharto in 1996, when he engineered the
ouster of Megawati Sukarnoputri, the daughter of his predecessor, from
the major opposition party. His remarkable New Order, which had lifted
the country out of economic stagnation, largely perished when the 1997
economic crisis hit hard. The Suharto children's continued grabbing
of business advantages further soured the mood. Finally, with the International
Monetary Fund demanding that he toe its line, and even the rubber-stamp
parliament threatening to impeach him, the pakubuwono (nail of the universe)
stepped down.
Remove the nail, the thinking used to go, and everything will fall apart.
While building Indonesia's economic miracle, Suharto had ensured that
such a fear was paramount. Today, under democratically elected President
Abdurrahman Wahid, a country torn by civil and economic strife might
reflect that Suharto was correct. It might even feel some sympathy for
the man who tried to marry a modern society with feudal politics to
create a one-man military, political and social fiefdom. Yet as one
legislator said that resignation day: "I have felt sorry for him for
years, but he didn't take the hint."
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THIS EDITION
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COVER
STORY
Dotcom
Demise:
An inside look at what went wrong for Hong Kong-based dotcom SportsNetGlobal
Youth
Movement: A former venture capitalist's explanation for Asia's
dramatic Internet meltdown
Back
to Basics:
An Asian Internet start-up's struggle for funding ends in disappointment
INSIDE
STORY
Rights:
A Cambodian garment factory worker stands to lose her job in the fight
against Nike, Gap and child labor
NATIONS
PHILIPPINES: Even
if he is acquitted, President Estrada's ability to govern may be critically
damaged
The Charges:
Estrada Faces Serious Charges
CHINA: The
story behind the man at the vortex of China's biggest corruption scandal
South Korea: Sunken
gold to bail out a major construction company? The story's all wet
INDONESIA: How an official
who spent six months in custody is once again on the job as central
bank chief
BUSINESS
E-Books: A technophobic Singaporean
author goes online
Book Lovers: A cult
of readers
Turnaround: A Shanghai steel
mill races to stay ahead of WTO
Investing: Few Asian stocks
appeal to an avowed bear
ARTS & SCIENCES
Cinema: Daring to face India's
religious rage
Collecting: Tin men at Sotheby's
robot toys for grown-ups
Books: A journalist's perspective
on the 1.3 billion Chinese
People: Hong Kong actor Chow
Yun-fat has his rivals licked
Editorial: Asia's new economy
needs smarter money
Letters & Comment: Should Suu Kyi
choose exile
Looking Back: Jakarta,
May 1998. Fall of a strongman
STATISTICS
The Bottom Line: Asiaweek's
ranking of world economies
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