Overview

Original Research

NEOLIBERALISM-CAPITALISM IDEOLOGY IN ECONOMIC LAW FOLLOWING THE AMENDMENT TO REPUBLIC OF INDONESIA’S STATE CONSTITUTION OF 1945

ARIE PURNOMOSIDI 1, ABSORI 2, AIDUL FITRICIADA AZHARI 3, and SUDJITO 4.

Vol 17, No 08 ( 2022 )   |  DOI: 10.5281/zenodo.6979211   |   Author Affiliation: Universitas Surakarta 1; Universitas Muhammadiyah Surakarta 2; Universitas Muhammadiyah Surakarta 3; Universitas Gadjah Mada Yogyakarta 4.   |   Licensing: CC 4.0   |   Pg no: 528-537   |   To cite: ARIE PURNOMOSIDI, et al., (2022). NEOLIBERALISM-CAPITALISM IDEOLOGY IN ECONOMIC LAW FOLLOWING THE AMENDMENT TO REPUBLIC OF INDONESIA'S STATE CONSTITUTION OF 1945. 17(08), 528–537. https://doi.org/10.5281/zenodo.6979211   |   Published on: 10-08-2022

Abstract

The objective of research is to analyze the effect of neoliberalism-capitalism in economic law following the amendment to the 1945 Constitution. This study was a normative law research with statute and conceptual approaches. The data used was secondary data with deductive analysis. The result of research showed that the implication of the amendment to Article of 33 of 1945 Constitution is the inception of liberal capitalistic law. It can be seen from, among others, some law prosecuted in Constitution Court and even revoked totally by Constitution Court as they are considered as liberal capitalistic and in contradiction with Article 33 of 1945 Constitution. The Laws are, among others, Law No.7 of 2004 about Water Resource and Law No.17 of 2012 about Cooperatives.

Keywords

Neoliberalism-Capitalism, Economic Law, Republic of Indonesia’s 1945 Constitution