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86 pointsby akbarnamaalmost 3 years ago

12 comments

danielvfalmost 3 years ago
It is so sad to watch a nation slow walk down such a well worn and tragic path.<p>Bad government policies, and over spending creating inflation and high prices for goods, with a response of price controls to control the prices, which results in even fewer goods available, then government rationing because the goods aren&#x27;t available, further reducing ability to produce anything of value...<p>And it doesn&#x27;t have to be this way! At each stage, you could just not do the next step in the spiral. Thing would be bad for a bit, but you wouldn&#x27;t bring the nation to poverty.
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ricardobeatalmost 3 years ago
Some context: <a href="https:&#x2F;&#x2F;amp.cnn.com&#x2F;cnn&#x2F;2022&#x2F;06&#x2F;26&#x2F;asia&#x2F;sri-lanka-fuel-supplies-struggles-intl&#x2F;index.html" rel="nofollow">https:&#x2F;&#x2F;amp.cnn.com&#x2F;cnn&#x2F;2022&#x2F;06&#x2F;26&#x2F;asia&#x2F;sri-lanka-fuel-suppl...</a><p>The country is already $700M in debt, has no cash reserves to pay for imports, credit by national banks being refused.
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JoiDegnalmost 3 years ago
We just moved our little family of four from Sri Lanka where we planned to make a home. My wife is Sri Lankan but has not lived there in the last 10 years. It was a rough decision because her family is still there. The situation on the ground is &quot;stable&quot; but food, medicines and of course fuel are becoming scarce. The crazy part is that the government seems to have no real plan but refuses to step down even though the public clearly wants them to.
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throwaway4C4Balmost 3 years ago
While what&#x27;s happening elsewhere in the world is definitely impacting the country, the majority of the blame should be placed on one family and those around it.<p>The Rajapaksha family helped end a 30 year civil war, it was a bloody horrific war, however as this was the most important issue for most Sri Lankans at the time, helping end this meant the Rajapaksha&#x27;s were seen as the saviors,they were at the time considered kings, people used to cry in joy when they see them, they were that loved and celebrated within the country.<p>This gave them a lot of power and popularity, anyone with a Rajapaksha name ran for all types of government positions, and most of them actually won, people accepted them with open arms. At the same time with the power the Rajapaksha&#x27;s had they were able to promote their family members, some of them who didn&#x27;t even have a highschool degree in to high ranking positions within government institutions.<p>So, half of the family was elected by the people, the rest was promoted due to nepotism.<p>What happened was a decade worth of corruption, a family that didn&#x27;t have much, some of whom worked as gas pump operators in the US (the current president) suddenly became billionaires. One of the main culprits was an animal named Basil Rajapaksha, he was so corrupt people called him &quot;Mr 10%&quot; because if any construction or any type of project were to start, you have to allocate 10% of the profits and the initial investment to Basil rajapaksha.<p>If I were to write all the corruption, human rights violations and the day light robberies committed by the rajapuksha family we would be here all day.<p>Sri Lanka is a majority Buddhist country, in Buddhism we are taught of Karma, and how what you do to others will one day return back to you. And as a Sri Lankan this is what I feel is happening to us now. The sinhalese majority of Sri lanka, killed, looted and raped Tamil people which led to the 30+ year civil war, and we encouraged and looked the otherway when the rajapaksha family &amp; co killed, raped and looted the Tamil population in the name of stopping the war. We looked the other way when they destroyed someone else&#x27;s future because it was easier than finding a sustainable solution.<p>If I manage to survive this and one day have children, this is all I would tell them, &quot;If you see an injustice, speak up, do something about it, because otherwise, they will come for you and you will be all alone&quot;.
fasteddie31003almost 3 years ago
I&#x27;ve been reading The End of The World is Just the Beginning <a href="https:&#x2F;&#x2F;www.amazon.com&#x2F;End-World-Just-Beginning-Globalization&#x2F;dp&#x2F;006323047X" rel="nofollow">https:&#x2F;&#x2F;www.amazon.com&#x2F;End-World-Just-Beginning-Globalizatio...</a> I hope he is wrong about globalization falling apart, but articles like this are right out of his book.
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TylerEalmost 3 years ago
Needs a (Sri Lanka) tag or something.
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jfimalmost 3 years ago
There&#x27;s a good video from Polymatter on YouTube that explains how that situation came to be: <a href="https:&#x2F;&#x2F;youtu.be&#x2F;W5zxYDHwf-Y" rel="nofollow">https:&#x2F;&#x2F;youtu.be&#x2F;W5zxYDHwf-Y</a>
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rootsudoalmost 3 years ago
On the other side, what opportunities exist for investors to invest in the situation in Sri Lanka? Is there any <i>easy</i> way, or just boots on ground? What about humanitarian or green-vesting?
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1sembiyanalmost 3 years ago
Is there a good write up of how Sri Lanka got to here? I wonder what the non-obvious lessons here are..
tomjen3almost 3 years ago
This is for the country of Sri Lanka. The headline should (IMHO) have reflected this, because it is otherwise click bait.<p>I am aware there is a .lk domain, but there are thousands of domains out there and I don&#x27;t think most people would know it of hand.
H8crilAalmost 3 years ago
Now let&#x27;s just wait for the African food crisis caused by Putin&#x27;s naval blockade and the Russian army PGMs falling on grain storage. It will be an interesting year.
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rohanm1almost 3 years ago
How is this country able to host Cricket series while all of this is happening?