Indonesian Journal of Pancasila and Global Constitutionalism
Vol 1 No 2 (2022): July-December, 2022

Pancasila and the Existence of a People’s Economy: How Indonesia Facing the Global Capitalism?

Article Info

Publish Date
31 Jul 2022


Globalization is unavoidable for all nations, the existence of globalization triggers the entry of capitalism in the joints of the Indonesian economy. The purpose of this study is to analyze the existence of the implementation of the people's economy as an economic sub-system based on Pancasila to face the onslaught of global capitalism. The method in this paper uses the literature study method, by explaining the theory related to the title, which is obtained from journals, documentation books, and the internet. A people's economy based on Pancasila and the 1945 Constitution and Article 33 is an economic system based on the people's economic strength. Where the manifestation of the people's economy itself is in the form of cooperatives and various economic activities or businesses carried out by the people in practice are in the form of MSMEs. The existence of a populist economy can be realized by prioritizing the principles of kinship and justice based on Pancasila and the role of economic actors as partners, to counteract the currents of global capitalism.

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Religion Humanities Education Law, Crime, Criminology & Criminal Justice Social Sciences


Indonesian Journal of Pancasila and Global Constitutionalism (ISSN Print: 2830-0629 ISSN Online: 2830-0610) is an open access a double blind peer reviewed journal published by Faculty of Law, Universitas Negeri Semarang and managed by Pancasila and Constitution Studies Center, Center for Legal ...