Sri Lanka Watch, News and Discussions

[THESIS THORON]

situation will only worsen from here.

 

[AMCA]

 

[THESIS THORON]

Military tanks were seen on the roads of Colombo #SriLanka as Police curfew came into force. #lka

 

[THESIS THORON]

inflation in srilanka

 

[THESIS THORON]

https://twitter.com/RT_com
@RT_com
https://twitter.com/RT_com


Russia state-affiliated media
Sri Lanka has announced plans to turn off its street lights to save power, amid a deepening economic crisis which has brought rolling blackouts to the island

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[THESIS THORON]

some more videos of yesterday's protest

 

[THESIS THORON]

 

[Swesh]

Cross posting on relevant thread

 

[fire starter]

This is what happens when you cozy up with china. Sri Lanka is perfect example of debt trap hope other countries will take lesson.

 

[Bhaubai]

Indian special military operation in Sri Lanka when

 

[THESIS THORON]

Indian special military operation in Sri Lanka when

april fools

 

[Bhaubai]

april fools

Yes

 

[THESIS THORON]

Yes

sach me yeh hone wala hai kya ??, ki april fools joke hai ???

 

[Jimih]

sach me yeh hone wala hai kya ??, ki april fools joke hai ???

Come on man.

 

[fire starter]

Very nice article.

 

[FalconSlayers]

Lankajeets paying for their sins

 

[Concard]

Rajpaksas are toast. This situation will not likely die down anytime soon. They have to take loans to pay off old loans. It is a circular debt trap. Pick up in tourism alone will not give them the wiggle room to get in a good financial position. Expect Sri Lanka this decade to be busy in paying off loans to it's creditors.

 

[Bhaubai]

Lankajeets paying for their sins

Can't wait for a full fledged civil war

 

[HitmanBlood]

In 2019, Shekhar Gupta had mocked India as just another 3rd world economy with half the per capita income of Sri Lanka.

Sri Lanka in total economic crisis

They have run out of food, fuel, everything

What will you say now Shekhar Gupta?

 

[HitmanBlood]

An interesting thread from Sreeramjvc on twitter.


Recently Mr. PTR in an interview to IndiaToday compared the Gujarat model of Development with his Dravidian model where he emphasised that while Gujarat saw GDP growth it was TN which scored big in social welfare. But he didn’t speak about prudence since D Model meant more debt.

It was Mr. PTR himself who revealed in 2021 that people of TN carry a huge debt on their shoulders. So it is clear that Social welfare has come at the cost huge borrowings which was used for Freebies (mindless at times & to win votes many a times) & Subsidies.
Let’s see SL model

When Sri Lanka gained independence, it did 3 things that codified welfare as the core of its policymaking.
1. Free Education in 194
2.Department of Social Services in 194
3. Health Services Act in 1953

It translated into brilliant social indicators.

Life Expectancy:
What Sri Lanka achieved in 1997 was achieved by India in 2019

Infant Mortality Rate:
India’s rate now was achieved by SL in 1984

India’s Adult Literacy Rate is still not what Sri Lanka’s was in 1979.

So these parameters alone don’t define your success

The point of government welfare is to support its people and create an environment where they can eventually take care of themselves. But Sri Lanka was trapped in a cycle: announce subsidies, fund it with money from plantation exports & try to find import

substitutes when exports tank so that handouts could continue.

Now not only Sri Lankan Government is trapped in a cycle but also it’s citizens where they are forced to live in misery with inflation hitting the roof.
Hope the D Model doesn’t turn out to be the one seen in SL now.