Sri-Lanka Has Been Overturned by Activists: How it Happened
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- เผยแพร่เมื่อ 11 ก.ค. 2022
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It's almost been a year since the Taliban took over Afghanistan, and despite vowing to be more moderate, they've made little progress so far. So today, we break down their key policy promises, and why breaking them has exacerbated their failing economy.
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2 - www.economist.com/finance-and...
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4 - tradingeconomics.com/sri-lank...
5 - www.fao.org/worldfoodsituatio...
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It isn't Sri Lanka that's been overturned by activists, it's the Rajapaksa dynasty and their stranglehold on every aspect of the State which has been overturned by Sri Lanka. It's disappointing that this video focused on individual and separate aspects of the economy and global affairs rather than on the underlying and unifying cause behind all of these issues Sri Lanka is facing, which is decades of MASSIVE government corruption, nepotism, and embezzling with a mob mentality that pervades the highest offices of state. The Sri Lankan people work incredibly hard and have withstood a huge amount of pain from disasters, civil war, terrorism, the pandemic and the Rajapaksas, and still remain overwhelmingly peaceful and focused in their advocacy for a better future where many other countries would have descended into violent revolution.
Maybe they should stop electing them and waving their flag, then.
@@yrobtsvt The flag belongs to Sri Lanka and it's theirs. Its elements and the flag as a whole represent he people, not the State.
Elections are complex. Many people voted for the party because the alternative parties are completely incompetent. An opposition under Sirisena was elected a few years ago, and that collapsed in corruption and incompetence (and Rajapaksa pressure), disillusioning many. Populism and fearmongering also played a huge role, with the radical Buddhist clergy campaigning HARD to support the Rajapaksas among the majority Buddhist population, high fears over Islamist terrorism, the spectre of the civil war, etc. Frankly, it has taken until now for the Sri Lankan people to really accept that the situation as it is is completely untenable and a simple election won't be enough, and they're now doing something about it.
@@Charlzton it's all so tiresome.
It's worth asking how anyone as obviously corrupt, nepotistic and incompetent at governing as the Rajapaksas made it into power, given Sri Lanka holds free elections. The answer is, the people wanted them in, because he makes them feel good if they're Sinhalese and Buddhist (70% of the population). If the people want to advocate for a better future, maybe they should think twice before voting based on ethnic and religious supremacy, and instead look at who has a serious plan for economic management and development.
@@BurningMad it certainly is worth asking. Many countries have falled apart under terrible but elected regimes- it often takes a cataclysm for the people as a whole to change their voting habits, and hopefully this is that change happening now- and will also usher in a competent opposition as an alternative for rule
Sri Lankans, please don’t forget this part of your political history. Don’t let politicians distort the narrative of your people.
bruh theyre not listening to you 💀💀💀💀💀💀💀💀
I know you're trying to help, but commenting on a youtube video won't solve any underlying issues that allow politicians to distort the narrative i.e. the corporate control of information through social media, news, etc.
He thinks they are listening 💀😭
What the f**k happened in comments? Why are you so angry at him? Commentator can't rebuild political system of entire country, just leave supportive comment.
@@happyelephant5384 🤓this you? + skill issue 💀💀💀😭😭😭😭😭
As the son of a Sri Lankan immigrant, it is tragic what has happened to the country, friends and family have been slowly starving as we desperately try to find how to send food without it being stolen. I think it is a win for the people of Sri Lanka as the president and his family have been deposed, and I know people who attended the rally. I hooped the country has a bright future and I wish he best to all who remain in Sri Lanka, Jordan Santiago
@@HistorywithHannibal Most of the young voters in the Philippines do not remember this.
Philippines is a democratic country on paper only. Institutionalized and democratized corruption is widespread throughout all government offices.
Sri Lanka's version of people power.
.
th-cam.com/video/S6AmpMv9zLo/w-d-xo.html
that fertilizer ban was a smoke screen for the depletion of the national reserves (which are needed to buy fertilizers and oil), they basically delayed the unavoidable for 1 year, making everything worst when that happened
watching this im pressed to ask, is the Sri Lankan government currently the worst performing government in the world?
@@dhruv9744 neah , I think they are the average autocrat regime: 3-4 dudes on the top with very fixed ideas of how the world spins, surounded by armies of bootlickers and "yes"men ...
@@dhruv9744 No, they are up there but got a shittier hand than most, which resulted in them being the first to fall. They will be joined by others before the year is out, mostly by other bad governed nations in the third world.
I keep asking this, but never got an answer. Wtf aren’t the farmers buying their own fertilizer then? Why is the govt. buying fuel and fertilizer? If the answer is because they giving it away for free, well...thats your own fault.
@@TheBooban Because it's a question of currencies and foreign exchange? I imagine farmers' local currency is worthless in international markets,, so it goes through the gov't or its banks/agencies to be converted into dollars or whatever outsiders will accept in payment. If the gov't already squandered all their foreign exchange,they can't use it to pay for imports.
Im srilankan. these are the two reasons why our country collapsed number one is Corruption and another one is we don't make any industrial products in huge number
Power and internet are still available atm?
@@kaymanwang no he lives abroad
I find the lack of corruption in this depressing equation disturbing.
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
There definitely was corruption, he just either forgot to include it in the video or didn't notice it
@@cobaltcorsair592 which is disturbing given that it is the most important, driving and unifying cause of everything happening in Sri Lankan politics and the protests right now
Agreed. They should have given more details about it here but they did mention the corruption 2 months ago in this video: th-cam.com/video/44OZAl9oBKo/w-d-xo.html
@@Charlzton it's weird how myopic westerners can be w political analysis of other parts of the world. it's like they have no idea how endemic and central corruption is in other societies
I think they used the wrong describtion for this video :D
lmao youre right its about afghanistan xD
probably put the wrong description
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
The big problem with cutting out fertilizers is that organic farming requires techniques people might just not know, and even then it usually cuts yields per area in half. Farmers need to demand higher prices to offset the reduced yields, but in countries with already low incomes the markets might just not be able to sustain that and without cheap imports that can mean painful shortages.
It's possible the national move to organic farming wasn't primarily an environmental policy but a desperate, shortsighted and eventually failed attempt to save the remaining foreign currency reserves.
EXACTLY that. It was only ever because they couldn't afford fertilizer anymore. Tragically, this is now used by supporters of traditional agribusiness to say that organic farming doesn't work.
And I am very sad to see that this channel halfway supports that lie.
Yeah at best they could export it to 1st world nations and import their non organic foods... But yeah it was short sighted unless the plan was to please the UN into giving them more more money.
Nobody thought it was an environmental move- the Rajapaksas don't care about the environment at all- it was a move by completely unqualified and incompetent people put in power due to corruption and nepotism, completely divorced from the reality of the Sri Lankan people, with the vague aim of making Sri Lankan produce more attractive to foreign markets. They didn't take into account that organic farming requires infrastructure and significant expense that wasn't available to Sri Lankan farmers yet, as well as the fact that there was virtually NO time to create an effective switch-over.
Their currency reserves may have been low, but the one thing you must prioritise is the ability to grow food, or you end up importing more food, making the problem worse. I agree this is a sign of the incompetence of the Sri Lankan government, and says little about organic farming itself.
The problem with going organic at all is it's a privileged luxury that makes people feel better whilst providing no benefits whatsoever.
Reducing yields in a world running out of arable land, a broken water supply, a completely exhausted nitrogen cycle and pesticides that don't work effectively ... who do you think will end up being the ones going short? Not the people eating an organic tomato from their whole foods, that's for sure.
Whereas GMO crops that actually make people's lives better, increase yields, provide better nutrition and are resistant are demonised because eww icky. Virtually no crops eaten today are naturally occurring, as if it matters. They're cross bred, irradiated or some other method of random mutation that we have no control over.
Are the companies in control of these products the best. Sure, no. But the solution to that isn't peddling bullshit, because there isn't enough of it to fertilise crops anyway.
FYI: The occupying of the president house is not a photo is correct but the burning of prime ministers personal house is incorrect. Sri Lankan citizens only occupied the president's house, president's office and the prime ministers house which all are government buildings. The burning of the prime ministers personal house was a derailment effort of the peace full protesters. Please look into the news facts of police (including prime ministers personal security admin) attacking journalists and cracking down on people that was recording or broadcasting the protests at the location, no security was available inside the house for some reason, speeches made by the prime minister to take sympathy to his side, the power outage that took place at that location at the time of the fire and so on.
The protesters were peaceful and effective. The burning of the prime misters house is a story that is there to muddy the waters of a effective peaceful protest were Sri Lankans demand for a better future.
Yeah no lol
I get where you're coming from, but taking a step back you have to admit this is exactly how someone might try to deflect an arson attack. The real bitch about Agents Provocateurs is that regardless of whether they were or were not present the mere mention of them is enough to completely kill any attempt at a civilised discussion on the subject.
I am inclined to believe that the Rajapaksas would totally do this just to get more sympathy from the international community and paint their protestors, who so far have seemed incredibly peaceful at least from the sources I've read, as violent thugs.
However I have not seen any concrete evidence that it was an inside job, so from the position of a rando with an internet connection the only thing I know for certain is that the house burned down, I can't definitively say one way or the other without having been there to witness it.
Hopefully, regardless of how this pans out, the Sri Lankan people get a better chance to prosper.
@@MultiKommandant Please look into the events that took place today (13th July 2022) and how these politicians are acting to stabilize the country. Hope you understand lag in time and information when news in ground traslates to international news. For most of the Sri Lankan in the ground its people with major allegations protecting other people with major allegation and vice versa regardless of party politics.
@@MultiKommandant unfortunately like all events that took place in Sri Lanka there will be no hard evidence and official records on anything. When coming into this PM it's from 80's onwards.
@@andym.s.5231 that is true US meddling in the media trying to make a peaceful protest into a violent one to create excuses as usual.
This was a very informative video, I can’t believe what’s going on in Sri Lanka. Although I’m not sure why your description is talking about Afghanistan and the Taliban?
exactly Lol
The ruling elite have stolen billions. Confiscate all their assets, and throw them in jail till they cough up their money in offshore accounts. Bastards.
@@helithkotalange2344 OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
Yeah
Just noticed lol
I hope the people there are ok...
no, people are not ok
@@-morrow OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
@@-morrow I know, I know
Sorry to see this state
If I explain to you the economic situation of Sri Lanka.
Im a doctor in sri lanka. One of my colleagues mother developed a heart attack whilst at home. Despite being a doctor he was unable to take her to the hospital because their was no fuel. After much effort he found some petrol from the black market. He had taken her to the hospital but unfortunately the hospital didn’t even have the most basic medical supplies despite being a major district hospital. He had to watch helplessly as his mother died without receiving medical care. Although he was a senior doctor he stood helplessly by her side.
Even after death their aren’t any funeral vehicles available. Crematoriums dont have gas.
It’s pathetic
Two years ago we had the best medical indices in asia. Now getting sick is a death sentence. Being pregnant is a definite death sentence.
A side note: they banned imports on fertiliser and pesticides because they didn't have foreign currency to buy it, not because they wanted to go organic 😅
They also banned the use of those
There are more to SL crisis.
1. SL crisis is a result of debt mismanagement for which gov during 2015-2019 is largely responsible. During this period, SL had borrowed too much. They had borrowed 12.5 B international sovereign bonds.
2. SL had to experience food and fuel shortages as a result of excessive ISBs borrowed by the gov. Because of this ISB loans, SL is downgraded by rating agencies limiting its capability to even open an Letter of Credit.
3. SL's political system. JVP is a radical communist political party which tried to snatch state power in a revolution two times of its history, 1971 and 88-89. Whenever the frustrations among ppl are on the rise, JVP becomes active. So what we experience in SL is an insurrection by JVP and its breakaway group, FSP. So what you saw in SL is a JVP insurrection. Due to shortages and frustrations with often power cuts, JVP was successful this time with mass support.
Considering Sri Lanka to be some sort of "hatbinger of doom" is a bit premature TBH. Their economic noose was tightening even before the pandemic. War in Ukraine was a catalizator, sure, but falling on an already very volatile mixture. Still, it shows a great challenge for the so-called Western world: how to help such countries without breaking their backs? Argentina, Pakistan, Sri Lanka - all currently hate IMF's guts and quite justifiably so. If not for the fact that they have massive internal problems of their own, China would be already planting both their feet there.
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
Yeah kinda, the pandemic just catalyzed the whole thing as the crisis was already inevitable down the line
Yeah i don't think Sri Lanka's particular situation is likely to repeat much over the developing world. They're just in a uniquely awful situation.
That's not to say that things like food prices and fertilizer shortages aren't going to cause a variety of global issues though.
Don't forget the abrupt move to move Sri Lanka's agriculture to an organic one with the ban of artificial fertilizer. Agriculture output promptly collapsed.
All of them are part of Belts and Roads Initiative. China alredy has at least one feet planted in each of them.
Great video!
Ultimately this becomes a problem for India, without some sort of Indian stabilisation it risks either a failed state to the immediate south or a foreign power gaining possibility a military presence
Myanmar already was enough, now Sri Lanka. Pakistan in future, and region is doomed again.
@@atwarroyal8770 And possibly Bangladesh
@@barryhamm3414 OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
As a Thai, we are basically surrounded by China now (except Malaysia in the south maybe)
Correct, that's why India is giving $3.8 billion to Sri Lanka and 44 000 tonnes of fertiliser. SL already fell into China's hands once under Rajapaksa, India can't afford to let that happen again.
This is so sad 💔
Thank you for explaining it
As an Argentine, which uprising happened in Argentina recently? We haven't had a complete collapse since 2001. Yes, we have had lots of protests, very big protests, ever since then and certainly since 2020 things have been going terribly, but an uprising hasn't happened here yet.
Have things not gotten as bad as in 2001 yet or do you think people have become placid?
an uprising and a protest are the same thing, but sometimes uprising is used more for very big protests, which you said there's been some.
UpRising, means raising up and saying how you don't agree with whatever, aka protest.
Sri Lanka should avoid making the same mistake as the Philippines. Make sure Rajapaksa and his family will never be able to return to politics or even the country. Show no mercy.
sri lanka: can we have money
IMF: alright but you gotta spend it like this
sri lanka: can i have money from someone else please, maybe china and russia? no strings attached please
china, in the near future: you can have all the money you want if you spend it on massive harbours and military bases for tens of thousands of jobs for chinese people
sri lanka: sounds good man- wait, chinese people?
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
Problem solving may be in the heart of politics, but it is NOT in the heart of politicians. More often than not, politicians are the heart of problems, as in the case of Sri Lanka.
You've got the wrong description on this video here and in nebula. The description references the Taliban in Afghanistan.
Your video text summary talks about Afghanistan rather than Sri Lanka. Might want to fix it.
I find it very irritating how these countries borrow too much money, and then blame the IMF when they need a bail out. No one is forcing you to go the IMF and no one is forcing you to get into so much debt in the first place.
The IMF is there when commercial lenders aren't. And their terms suck. No one in good shape would rely on them. Their solution seems to constrain the prosperity of the lower classes. Things like food and fuel subsidies keep them afloat, but the IMF is the first to tell a country to get rid of them. Imagine if the MF said to the US to stop food subsidies and the price of food shot up. Would make people upset, no? You can't eat GDP growth.
@@richardarriaga6271 IMF is for people who know to use a budget, but those people do not come to need IMF help.
There is no one that will give you money to just perpetuate same bad policies and inefficient spending.
Inefficient administration come into a situation where they need IMF help so within IMF restriction you need an even better administration to put things on order, those goverments are to fail from the start in dealing with the challenge.
It's easy to blame others.
"no one is forcing you to get into so much debt in the first place."
I mean they kind of are being forced. Or do you think these nations wanted to go into debt? Now Sri Lanka has been particularly corrupt but they are hardly the only place with these issues.
The problem is that the first world and increasingly nations like China as well are extracting wealth from these places without really giving anything in return. These nations are an important part of the economy. They do produce a lot of wealth are are vital to the economy of wealthy nations.
As for the IMF specifically the issue people have with it is that the measures it forces on nations are not meant to actually aid these nations. They force nations in debt to "liberize" their markets and banks which essentially means selling them to foreign investors. Which just makes the issue worse as even more wealth and control over the economy leaves the nation.
Model IMF nations like Argentina that perfectly followed their measures have crumbled under them. Main industrial sectors were sold of and infrastructure investments severly reduced to comply.
The IMF is also not really the neutral, international organization it paints itself as. OECD nations have a majority voting share in decision making.
It also has serious corruption issues. Two different fromer directors have been convicted. One of them is still in prison I believe. And these were the managing directors eg heads of the organization not random people.
All in all the IMF is a terrible organization that signifcantly contributes to a variety of issues the modern world has such as poverty and climate change as well as political instability in many nations.
Prime Minister of ROmania whom also was a candidate for Presidenc, suddently had a "corruption case" made for buying some windows from China :D
He landed in jail a few years later, and obviously couldn't be in public life.
He also was the one that gave up on IMF "help" on negociations telling them that romanians can't live in 2003 with 30$.... a candidate on that time to EU. laughable, 30$/month.
Anyway, his condamnation was, after hundreds withnesses heared, hundreds of "proves", justified by judges "for public opinion sake, even if there are no direct proves to show he is corrupt".
Ok, I get it, IMF and MB doesn't fore anyone, except when it puts leaders in jail, unlawfully.
@@raulepure9840 You don't even know your own country and defend IMF :D
Indeed, ROmania with 40.39 billion USD GDP, "NEEDED" in 2001 300 mil $ in standby (not really loaned) just to f'k up its economy, lol.
AND we had ldiots pro-european "dă dreapta", between 1996-2000, that sunk our economy and privatized our everything.
Is no excuse to not read, you don't even need to understand. They tell you in your face they'll break you.
"Press Release: IMF Approves 18-month, US$383 Million Stand-By Credit to Romania
October 31, 2001
The Executive Board of the International Monetary Fund (IMF) today approved an 18-month stand-by credit for SDR 300 million (about US$383 million) to Romania. The decision will enable Romania to draw SDR 52 million (about US$66 million) immediately from the IMF.
Following the Executive board discussion, Anne Krueger, First Deputy Managing Director and Acting Chair, said:
"Reflecting their commitment to accelerate EU accession, the Romanian authorities have initiated a program aimed at ensuring macroeconomic stability, high sustainable growth, and effective transition to a market-based economic structure. With several previous programs having gone off track before completion, the authorities indicated their very strong commitment to realize all the components of the proposed program. The program comprises comprehensive policies for fiscal, quasi-fiscal, and wage restraint. The structural adjustment policies mostly reflect the need to move ahead as quickly as possible with privatization and put the energy sector on the road to profitability. Important macroeconomic and structural measures, including recent fiscal measures and submission of the 2002 budget to Parliament, have been implemented up front. Further timely implementation of scheduled measures along with resolve to engage in a vigorous and sustained strategy of stabilization and structural reform will be important to the success of the program.
"A crucial component of the program is the reduction in the quasi-fiscal deficit and particularly in the large losses in the state-owned energy sector. The government's program therefore includes adjustments in energy prices, measures to improve the collection rates of the main utilities, and containment of wage growth as well as lower employment in state-owned companies in 2002. The implementation of these measures will be of critical importance both for enterprise profitability and for the success of the disinflation strategy.
"Monetary policy, implemented in a framework centered on a managed floating exchange rate, will balance the objectives of reducing inflation and protecting external sustainability. The authorities' choice of a gradual disinflation strategy reflects the difficulties in eliminating the backward-looking wage indexation mechanism and imposing firm financial discipline in public enterprises.
´The government is firmly committed to reducing the size of the state sector and moving ahead with several major privatization projects. It has already approved the privatization strategy for the largest state-owned bank, BCR, which will involve the complete sale of the state's capital share and transfer of control to a strategic investor. Privatization in the gas and electricity distribution sectors planned for the program period, as well as foreign direct investment, will be essential in stemming financial losses and improving real performance in those sectors. It is important that privatization take place according to fully transparent procedures," Ms. Krueger said.
ANNEX
Recent Economic Developments
During the first half of 2001, GDP growth of 5 percent was driven mainly by domestic demand. The current account deficit widened and inflation declined somewhat less than targeted. Although export growth remained robust, imports grew by 30 percent in U.S. dollar terms, and as a result, the current account deficit more than doubled relative to the same period of 2000. Inflation slowed, but less than initially targeted. The fiscal deficit in the first eight months of 2001 amounted to 2.4 percent of GDP, up slightly from the same period of the previous year, despite stronger growth and a lower deficit target for the year as a whole. The National Bank of Romania continued to conduct monetary policy in the framework of a managed float, with the objective of avoiding excessive real effective appreciation."
i need to mention that the fertilizer ban was an effort to limit the depreciating dollar reserves of the Sri Lankan government
A truly shtupid idea all the same.
What are the lasting impacts of the civil war on the situation today? See little mention anywhere on the historic war that destroyed so much and killed so many.
no body mentioned 30 year civil war and stupidly high percentage of land army budget for a country surrounded by water
Hi. Please label the graph at about 1 minute? Is it inflation? Exchange rate? It's not clear.
i agree, same for the graph at 3:00. at least that time it was said what is shown
@@tinhov1 The graph at 3:00 is showing the budget deficit as a percentage.
It's not exchange rate maybe inflation
@@Haris1 OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
could be interestin to get a tldr of every sovereign debt crisis in history and a list of all possible crisis in the near future w the situation in developing countries
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
How is the Netherlands, the second largest agricultural exporter and leader in agricultural science, labeled as a "developing" agricultural nation?
i guess he meant to say "developed"
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
@Alexios I Komnenos and how does that have anything to do with this?
Dude, this channel is so full of very slanted information and sketchy biases.
I subscribe mostly to see what this guy is gonna say next and what direction he'll spin it in.
@Alexios I Komnenos lol.
Did I miss the part about activists? It's prominently mentioned as click bait, but in the video I didn't hear a lot about any activists?
It is really scary and unpredictable whats happening in my country.. Good news is that it is all for the better starting today.
If anyone is out there wondering how you can help towards recovery, please do visit Sri Lanka. It's absolutely safe to be here. Making a donation towards a cause in Sri Lanka through a Lankan bank account would also help increase Forex revenue.
Well, it did spell the political end of the Rajapaksas, which is great.
a bit premature to celebrate since what comes next might be worse
like Iraq following Saddam
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
Ahh that’s how you spell it
And as the son of a Sri Lankan immigrant who’s friends attended the rally, i 100% agree
oh mon ami, Philippines just elected the son of a former bloody dictator as president ....
The video description is wrong
When description is sus
Lmao how Taliban is related to srilanka
7:24 that seems odd, If I were China I would be doing a lot to either hold the state together or find a new one that can do it better. They have naval bases there that a key to the stratagey of expanding into the Indian ocean. I understand why getting tangled up in forgein intervention can become a quagmire for countires but it doesn't have even involve military intervention. Maybe I'm just playing too much EU4.
The current government is largely unsalvageable right now, so they are probably waiting for a new government to form before trying to gain more influence.
China has little control of the situation anyway. Contrary to all the media rhetoric, Sri Lanka owes more even to Japan than to China (China is only about 10% of their debt). The vast majority of their debt is to private bond markets, which are predominantly western, who don't give a shit about geopolitics and just want their money back one way or another.
you might want to review your description 👀
The description for this video is 100% false. Sri Lanka is suffering due to an economic crisis, not because people protested and ousted the corrupt ruling family. Saying that Activists tore down Sri Lanka is a complete lie: the corrupt government did that. All the Activists did was remove the people responsible-they did not cause the problem.
Your description is, uh, in need of a rewrite, unless it's just TH-cam acting up
Hey btw you accidentally pasted your Afghanistan description into this one. Dunno if anyone else noticed so yeh
South Africa is walking down this route as well. Things are getting worse month on month here.
Wrong description, you have one talking about Afghanistan.
Sri Lanka shouldn't have been borrowing money bbn to pay for trade imports to begin with, they should have prioritized tourism, service, and manufacturing industries that can import raw resorces for manufacturing for cheap
Will this channel cover Shinzo Abe’s Assassination?
Kudos on your accurate handling of the Sr consonant cluster in the name Sri Lanka
That’s no consonant cluster! If you want a cluster look at the Polish surname Trztyprzytycki.
Sending the message that if you let the people go hungry you will be thrown out of power is likely a good thing for the leaders of the world to know. It is irrelivent if the 'cause' of the problem is in the leadership or not, simply failing to prevent hunger is grounds for removal because it is leaderships job to steer the ship of state away from danger before the collision, and lack of vision to see and avert a crisis is functionall no different then causing one.
Anybody who tells farmers how to farm deserves it.
France? A developing agricultural nation?
What does it even mean?
What uprising in Argentina? Looks like I missed it
Description is wrong
It could be difficult for people from Western Europe to imagine. Overthrowing government in the developing countries sometimes descent into a civil war or outright military dictatorship.
I am really sorry for Sri Lankan people for what they have to endure. Good luck to you all
Why is the description about the Taliban lol.
Lmao
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
Please include Malaysia Political Crisis in the next video
I hate how the developing world just can't catch a fucking break
It they did they would be developed by now, it's unfortunate.
The ruling elite have stolen billions. Confiscate all their assets, and throw them in jail till they cough up their money in offshore accounts. Bastards.
Fake news creates bad voters, I like to lay a lot of blame on facebook for profiting from all this
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
not sure what you mean. life is pretty good here in indonesia.
Well this is depressing
There are a lot of things that us citizens of the First World often take for granted. Right now, the worst thing we’re dealing with is rising prices and inflation. People in countries like Sri Lanka are literally struggling to bring food to their families.
Would the QUAD offering to step in and run the nation (at the invitation of a referendum) perform the function of decreasing the use of the nation by China for expansion and provide enough stability to qualify the nation for the needed IMF money
i dont think the sri lankan population would'nt support foreign interference rn, especially right after the chinese port debacle.
@@dhruv9744 Oh dang. What is the Chinese port debacle? I need to research that.
@@chemengineer15 its the sugar daddy diplomacy that China does with countries surrounding India. They loaned money to Sri Lanka to build a port, which Sri Lanka can't pay back so Sri Lanka is gonna have to allow china to use than port.
@@chemengineer15 Gov wants a white elephant project in a form of poorly justified port, looked for creditors to fund it. Found China. China gave debt. Gov can't paid it. Port was loaned (for like 99 years iirc) to pay for it. A lot of people got mad due to it
So I see a lot of comments really trying to correct the video, a description talking about the taliban for some reason as if it was made for a different video.
I really thing you should probably not try to shoot out videos so quickly.
Nice title
Man, the president or PM is not resigned yet, the latest, President fled to Maldives, then probably tonight he will fly to Singapore according to news. And the PM declared himself as the acting president. It was too early to say they are resigned. In fact the President did announced that he will resign today the 13th, which also not happened.
7:51 Thanks TLDR for mentioning my country!!!(the one in the bottom of the list DDD:)
My respect to all citizens of Sri Lanka for standing up against your political class, I wish ordinary peruvians will do the same, since we're heading in the same direction(if we haven't got there already), and we're tired of having(there's no other alternative for those who don't know)to choose the worst candidates for the presidential elections, let alone for congress and more generally we're tired of our politicians mocking us and slamming on democratic institutions and rules whenever they can, of their corruption, their populist/conservative narratives and their short sightness when it come to public policies.
Why don't you cover the ongoing Netherlands farmer protests?
Neat
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!!
Hopefully Sri Lankans are happy with their high ranking in the happiness index.
Uprisings in Argentina? Which ones? I live here and haven´t heard of anything of sorts. Unless you are treating uprisings and protest as the same thing, but that would be incorrect.
Sri Lanka should had been an economic paradise.. if properly managed
I really like the topics you do videos on as well as the research you do for most of them. BUT....
For god's sake get someone else to proofwatch your videos or at least proofread the script. Calling france and netherlands developING agricultural nations is a typical mistake for you guys but it is truly unacceptable for a serious news channel
You missed the point of rajapakshas printing double the money ever printed in the last 2 years ang funneling that money into their allies and businesses
Er... they have an emperor, a president, and a prime minister? How does that work?
They went organic to reign in foreign spending. They spent billions on fertiliser imports. Not because organic food is the way to go.
And it collapsed their food production, making them more reliant on foreign currency for imports.
Africa and the Middle East need to massively invest in water systems and agricultural investments. Starvation times are already here. Fuel, look into everything you can do without fuel. Water. So much water is needed.
Countries like Sri Lanka are always living on the edge of disaster, which is why it's so important for good leadership to build up national wealth in the good times to prepare for the bad times, but that's almost never the case.
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
Yes, they have been begging and bludging off other countries for many years.
4:50 GOVTs does not import food and fuel! Businesses that use it import it. So wtf is going on, explain something!
Voting is useless if the government is corrupt that why is important that the people in country of Sri-Lanka take power and build new political system and what
ever they chose the western country's need to make it happen and support the people of Sri-Lanka and not politicians who is responsible and if
they can freeze the accounts of the politicians.
well... expect more Sri-Lanka peoples abroad trying to sell you over priced flowers when being at the restaurant...
1st Reason -69 billion USD loans 57 stolen by the Rajapaskshas and henchmen.
Sadly, what will follow will likely be worse, perhaps much worse.
Why not just declare bankruptcy. It’s not like their gdp is that high.
Lo que? Venia a ver un video de Sri Lanka y sale Argentina... man ni eso nos ssle bien...
Make a video about Japan
Spending more than you earn - who'd think this is a bad idea in the long run?
Even if the president or pm is gone, whoever comes to power is going to have a hard time rebuilding the economy of srilanka. Srilanka's debt is so high I don't think, it can even resolve it. Srilanka has also treated its minorities very bad especially the tamils and muslims. It's going to be a very tough job for whoever comes to power. We need to wait and see what happens
Yep, the government will probably have to accept austerity measures to get the aid needed to not starve, but such measures are never popular no matter what country put them into effect which is why the pervious new did so. If the new government drags its feet for basically any amount of time, then there will probably be a famine which will likely result in a civil war considering the past history of Sri Lanka.
@@andrewlechner6343 It's okay bro we got this 💪
@@exoels Hopefully you do.
The description of this video is for the failing afghan economy and the Taliban, it should be about the Sri Lankan protests upheaval and it’s failing economy that the video is about.
If we had a strong United States Republican president we were actually help Sri Lanka with their financial issues and give them the money but we will need naval bases there to counteract China.
gov didnt listen to the specialists, The president who took advice from friends insted of educated specialists.
what is this title
why did u choose to make it look like it's the activists' fault
Organic farming is for rich countries who can import their shortages .
Chinese Debt Trap victim
Part of it, but there is a lot more than that at play.
1:30 you mean developped agricultural nations?
Imagine if this happened in America
If they were black/brown/indeginous/asian then killed by police
If white then they would loot beat the police and then go back to their houses
How many other countries are reliant on borrowing money to stay afloat? If these countries failed, what other countries may take them over?
We need India to do something, before China gets more influence.
On the second question, I don’t think we’ll see a bunch of conquests of defaulted countries in the near future. The likelihood that Western multinationals will take over formerly public industries following privatisation as is usually demanded by structural adjustment programmes is decently high however
Japan, US, Greece, Lebanon, Italy, Signapore, Portugal... quite a few countries borrow more money than they make (Public Debt vs GDP), if that can be called a measure of how 'reliant' a country is on borrowing money. However, they can manufacture stability through military and political alliances which prevent them from being in the situation that Sri Lanka's in, i.e. a situation where debt actually matters. In a way you could compare it to the difference between a "billionaire" who has more debt than assets and can still become a president and increase their wealth vs a homeless person who can get jailed or starve to death over 100 dollar debts, or an unpaid medical bill
OMG th-cam.com/video/PH434t4Q5rE/w-d-xo.html The alchemists were right!
@@victoravramov3802 Fist world counties like those you just mentioned will face a crunch but have the foreign reserves to make it through. It's the third world we have to worry about, notably the parts of the middle east and Africa that heavily rely on oil, grain, or fertilizer imports. Those counties will be the next Sri Lanka, while the ones in the first world will probably be the next Greece at worst. Or they have a civil war, history is funny like that.
The IMF needs massive reform. We’ve seen austerity breeds stagnation and decline. They need to push for anti-corruption efforts and smart investment in the people instead.
But IMF doesn't want to get political. IMF generally tells overnments that "you've got to stop wasting money". Then the politicians can decide where from and how. An obvious solution would be to stop siphoning money from the government, but since the ones siphoning are the ones to make the call, they usually just cut from the people and then they complain that "IMF made me do it".
IMF is like an accoutnant for very rich people, because they are the accountants of very rich people - the politicians.
Sometimes, rich people (in our case politicians), get into bad habbits, say cocaine. At some point, the accountant notices that the finances are going down and raises the alarm. You can only imagine that the addict will say "I can manage, leave me the fuck alone". But then a year later they are broke. Or anyway, as broke as a rich person/country can be. Then the accountant comes in and says "Stop wasting money!!!". What do you think the addict will do? Well, it really depends, very rarely, they'll give up cocaine, or at least reduce it to manageable levels. More often than not, they'll cut from food and toilet paper. The accountant is happy because the balance sheet is balanced again. From outside it looks like there was a dude who seemed fine, but then when the accountant put the foot down, the seemingly ok dude turned skinny and smelly. Everything points to the accountant stealing the food and the toilet paper, when in fact it's just that the accountant doesn't feel like being the psychoterapist of the dude.
What you're saying is that IMF should become some nation-level psychoterapy agency and not just a nation-level accountant/bank. They definitely don't want to do that, but maybe you're right and they should. But the reason they don't want to do it is because of all the opposition they would get about them taking control of countries. They get enough slack for simply asking to reduce waste. Can you imagine what they would have to face if they would have to start saying things like your tasks are like this:
1. "You need to get the most corrupt politicians in jail. The nice thing about this task is that it can be done right away, as all of you are in this meeting right now, so feel free to go straight to jail right now, as you're not needed anyway for the rest of the tasks. We thank you for completing this task and see you in 10 years"
2. "You need to educate everyone. Yes, including the girls. I don't care how your culture doesn't allow, bla, bla, bla. That's half of your country's talent just being wasted on menial work."
3. ...
I don't need to continue with point 3, as IMF had so far alienated both the politicians and the people even more than by just saying "Stop fucking spending so much".
Vandana Shiv who is an organic farming promoter from India whom luckily no leader in India takes seriously
They take seriously but in a practical way not like stupid dictator
@@prathamsaxena9503 literally nobody takes her seriously in India.
@@krishnkant9477 many state government are giving some insensitive to farmers to grow their fruits in organic way but government is not forcing them because it might cause economy collapse or supply shortage
Where does the IMF get their money to make bailouts?
They borrow
that title... yikes
Theory of Everything solution (short version):
Swap from Newton "real/necessary" universe over to Leibniz "contingent/not-necessary" universe as our fundamental blueprint of the universe.
This includes Leibniz calculus vs Newton calculus. Anywhere Leibniz and Newton thought different. All of it. Full swap.
Gottfried Leibniz "contingent/not-necessary" universe just lacked 2022 quantum physics verbiage (just match up definitions) and Hamilton's 4D quaternion algebra (created 200 years after Leibniz died).
Lastly, our first number is NOT 1.
It's 0.
Our ten numbers are 0, 1, 2, 3,...9 ✅.
Our ten dimensions are 0D, 1D, 2D, 3D,...9D ✅.
Ask someone to begin counting. I bet they begin with 1.
1 is not the beginning.
0 is the beginning.
1D is a Line; two points; physical; matter; contingent.
0D is a (point); exact location only; no spatial extension; zero size; necessary.
Examples:
What is another word for quark?
fundamental particle, elementary particle.
Do quarks take up space?
Its defining feature is that it lacks spatial extension; being dimensionless, it does not take up space.
"0D (point)"
How fast do quarks move?
the speed of light
What is an elementary particle example?
" " -my insert
Elementary particles include
quarks "0D (point)" (the constituents of protons and neutrons),
leptons "1D line" (electrons, muons, taus, and neutrinos),
gauge bosons "2D plane" (photons, gluons, and W and Z bosons) and the Higgs boson "3D volume".
What is the size of an elementary particle?
The elementary particles are not believed to have any size at all. As currently understood they are zero size points. Protons and neutrons (and all hadrons) are about 10−15m.
Just match up definitions.
"A popular but economically illiterate tax cut." We're not talking about the Tory leadership contest right?
Lol, its not good that how one by one mine neighbours R falling apart. Sri Lanka have started the Domino.
no mention of Russias invasion of Ukraine that has caused much of the food and fuel inflation?