The Socialist Party of Indonesia was a political party in Indonesia from 1948 until 1960, when it was banned by President Sukarno. The party’s philosophy was based on Fabianism with elements of Marxist social analysis. There was a distinct Indonesian character to the party’s brand of socialism. It stressed the need for modernization, economic development and rational planning and organization, while opposing extreme nationalism and anti-foreign sentiment. It accepted the need for foreign capital, but party leaders criticized what they saw as the Hatta cabinet’s overcautiou…
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