The 1997 economic crisis that hit the South East Asian countries, in the changed conditions of Indonesia led to revolution in 1998 and the ousting of the old regime. However, it failed to remove the bourgeoisie from power, who adopted “Reformasi” as a means of channelling the revolution down safe lines; while granting “democracy”, however, they pushed for a greater intensification of the exploitation of labour and for greater “liberalisation”. Important lessons have to learnt from this period by the activists of the left in Indonesia today.