Abstract
It is rather ironic to recall President Sukarno's banting stir speech of April 11, 1965. Just one year and a day after that speech, the Sultan of Jogjakarta, Presidium member for economic and financial affairs outlined the economic policy of the perfected Dwikora cabinet, which was formed as a result of the first major cabinet reshuffle after the abortive coup. In it, the Sultan envisaged a substantial turn of the wheel, but it was a banting stir in a direction not intended by the President the previous year when he had concentrated his attacks on foreign capital and private entrepreneurs. In the months that followed the Sultan's speech, there was a vigorous debate among the nation's intellectuals on the content of Indonesian socialism in the new era and the way in which the just and prosperous society so dear to the President1 was to be attained.
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