Former President Suharto of Indonesian once famously dismissed the concern

over his country’s corruption by saying:

Well you come out here from Washington with these high ideas to tell us about corruption.

But what you call corruption, I call family values.

What do you think he meant by this? Why would taking family values this far be a

detrimental social norm? (One way that Indonesian’s family values were

manifested is depicted in event (q) from Question 4 above. This practice weakened the banking sector so severely that it collapsed into a financial crisis as soon

as growth in Indonesian began to slow and borrowers of actual loans started to

default on their debt repayments for purely economic reasons.)

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