There's no such thing as a free lunch...Or is there?
It's official. The next president of Indonesia is former army general Prabowo Subianto. Quite how the next five years will pan out is anyone's guess but hopefully the foreign pundits who always bring up his dodgy human rights record will be proven wrong. Nonetheless, on policy making, Prabowo's popularist move to literally offer the poor 'a free lunch' every day of the week does not augur well for the future. Such a policy - if it ever came to fruition - would cost a phenomenal amount of money and likely lead to huge inefficiencies (food waste) and poor incentives (make people lazy). Another concern is Prabowo's strong nationalist bent. Thus, in the possible event that he finds himself with his back against the proverbial wall in the face of stern economic challenges, there is a big chance that he will simply scapegoat foreigners. But he will have to be careful. Construction of the new capital city, Nusantara, for example, is highly dependent on foreign in
You have some great stories your welcome to post some on out travel site with link back to your blog
ReplyDeletehttp://101today.com/travel
it can be much cheaper than IDR 12,1 million/month
ReplyDeleteYes you can live on less, but not so well.
ReplyDeletewell, I and my girlfriend lived on IDR 2,1 M for over 3 years and we could still be laughing at each other. As much as your analysis is true, but for me, it is more about how you determine to live with your money than how your money determine to live with you. As of now, we're living happily with IDR 6,4 M a month. :D
ReplyDeleteDear Sir, Madam,
ReplyDeleteI intend to retire in Bali within the next couple of years. I am going to Bali in February 2012 for visit, and I would like to have a look at some rental properties. I would like to rent a one bedroom airconditioned apartment with a swimming pool / furnished /.
Please email me at pavelbatal@hotmail.com
Thank you
Pavel Batal
bali is poor country, you don't need 200k
ReplyDeleteanon: with a 200k investment fund, you will get monthly income of around Rp12 million in perpetuity. That's the point.
ReplyDeleteHello! I am a researcher interested in what is 'pulling' people to retire in Bali; and what is 'pushing' them from their own home countries. I'd love to read your comments.
ReplyDelete