Sri Lanka is going through a major upheaval. You have no doubt seen the scenes of people diving joyously into the pool of the (now, finally, former) President, Gotabaya Rajapaksa. He has just, as I write, landed in Singapore, where he is fleeing the probable legal consequences of his disastrous rule. He was immune from prosecution while President. His brother, Mahinda, had been Prime Minister under him (until he resigned in May) and President before him. In short, it seems like a fairly simple tale of corrupt leaders making fragile a previously relatively successful country through projects that drain the coffers and never materialise and militaristic government, and then paying the consequences come the shocks of an increasingly fragile global economy.
A powerful argument on the power of (bad) ideas (and therefore policy) to create disasters that possibly would never have happened otherwise. The Bretton Woods organisations - IMF, World Bank, etc.) - have a lot to answer for in this respect too.
A powerful argument on the power of (bad) ideas (and therefore policy) to create disasters that possibly would never have happened otherwise. The Bretton Woods organisations - IMF, World Bank, etc.) - have a lot to answer for in this respect too.