General Suharto took power riding an anti-communist purge, supported by the US administration. The CIA gave Suharto a list of leftists and tracked their assassinations; half a million Indonesians were killed as Suharto solidified his power. Simultaneously, the country's industries were opened to multinationals, allowing 100% foreign ownership and profit in some areas. A Ford Foundation funded university exchange ensured a free market-minded "Berkley Mafia" to fill the ranks of the new administration in the years to come.
Lesson learned: Amidst military take over and murder, the citizenry would fail to notice and protest economic changes that removed public sector profit.
Estimates of those killed range from half a million to a million. For a more detailed history of the events in Indonesia, read the first essay in John Pilger's The New Rulers of the World.