Sri Lanka is in Crisis: Here's Why
ฝัง
- เผยแพร่เมื่อ 28 ก.ค. 2022
- Sri Lanka is in full crisis. Many people are saying it is the first of many economically failed nations in the years to come. Why is this crisis happening? Is it a recent phenomenon or is there something about Sri Lanka that made this total collapse inevitable.
#h0ser #srilanka
![ตรงที่เดิม - ฝน พรสุดา [ต้นฉบับ :เบส ขวางหวัน]](http://i.ytimg.com/vi/c5YnbGEztI8/mqdefault.jpg)
As a Bangladeshi I understood how terrible the situation in Sri Lanka is when I realized the fact that they were bailed out by Bangladesh
Man, that must really hurt!
Wait what? We are bailing them? (And yes, I said we because I'm a Bangladeshi aswell)
@@EnderGrad IIRC Bangladesh sent like 200 million USD as aid. It's wild.
@@Haxerous Bangladesh isnt doing too well either, where did they get that kind of money TO AIDE ANOTHER COUNTRY??
@@Unc3 Idk lol. I am not from Bangladesh.
Damn.. you somehow made this even more depressing than actually living in Sri Lanka 😐
Seriously
lmfao true XD
same standard in dominican Republic
@weeny noodle Government forced people and tourists by violence to follow plandemic restrictions and whole country face a economic disaster. Whole c19 was a plot to control people and economic.
Agree
As a Sri Lankan; In simple terms, the government took money in the form of loans from other countries. Used them to live a lavish life, and destroyed the Sri Lankan Rupee little by little. This same cycle has been running since Ranil's relative took precedency around 1978/9.
**1978*_
And then the Rajapaskas took that corruption to new heights.
Same in Zimbabwe we just haven't collapsed yet but we heading that road
Sri Lankan people also contributed to the collapse by choosing rajpakshas
@@azz5792 They are not rajapakshas they are raja-Rakshas. Meaning Raja-King, Monster - Rakshas.
It's very sad to see what's going on in Sri Lanka, and I'm very worried that the same will happen to my country aswell (nepal), I pray for all my fellow Sri Lankans 🙏
@An very person so true they are bunch of drunks they cant vote, we need monarchs
@An very person bro, technically last president and prime minister of sri lanka were monarchs in a way
Pagan Min would like to know your location
I am Nepali too
DONT GET RID OF THE FLAG
The only option left for Sri Lanka is to get massively bailed out by international institutions with dollars and introducing very restrictive reforms (higher taxes, less public spending). We might even see Siri Lanka paying for oil or whatever they need with tea or whatever they produce instead of dollars. Anyway this surely won't be liked by the people but at the current situation it's the only option, add to that the risk of next civil wars and many years of 0 tourists who won't travel to such unstable country. The other possibility might be China bailing them out for allowing to operate military port or maybe even India, who knows.
India already provided them more than 4 billion dollar of credit since last 3 month as well as Bangladesh which give a 500 million dollar credit line, 2 month ago
Maybe exporting poor people in order to get hard currency??
In Mexico the authorities openly expressed that idea, in the words of Vicente Fox mexican president from 2000-2006 "to send people to do the work not even blacks want to do" what a nice person.
Siri Lanka
@@anorangecarrot3312 Oh yeah, a little mistake :)
@@Chepicoro Ah. Buenos tiempos.
Just to add a few details about the civil war
There are two types of Tamil ethnicities in Sri Lanka: 1) native Tamils and 2) Indian Tamils. Native Tamils live mostly in northern and easter regions of Sri Lanka, while Indian Tamils live in central regions of Sri Lanka where tea plantations are located. The secessionist movement was mostly carried out by groups related to native Tamils, but both ethnicities were facing discrimination in the second half of the 20th century.
After the independence, there was a rivalry between Sinhalese and Tamil political groups. The legislature (parliament) was dominated by Sinhalese, and Tamils requested more representation in the parliament. In 1956, a right-wing Sinhalese party got elected and passed the "Sinhala Only" act that made the Sinhalese language the official language, replacing English, which is the 'bridge' language. Overnight, the government conducted activities in Sinhalese, and many Tamils serving in the government lost jobs. Tamils and Tamil political parties opposed this act. Multiple riots broke out during the late 1950s, but leaders of both ethnicities failed to reach a solution, and the discrimination didn't stop. Two decades later, various Tamil groups started arming themselves with the aim of creating a separate state in the northern and eastern regions.
There were multiple skirmishes between separatist groups and Sri Lanka defense forces. But things got worst. in July 1983 when an ambush on an army convoy killed 13 personnel. These soldiers were brought to Colombo, and Sinhalese mobs started attacking Tamils and their businesses. Many Tamils migrated to countries like Canada and United States. With this incident, there were more clashes between separatist groups and government forces, starting the Sri Lankan Civil War.
Your information is fully cotrect. I'm a Telugu. But I think that both Tamils and Sinhalese Buddhists can't get along even now.
@@Sinhala_buddhist-3934 no,we both are getting along because of the crisis now we got an bigger problem
The whole world knows what's happening in Sri Lanka and Myanmar.
**FEW**💀
Thanks about info about this problem. I didnt knew.
I know it's been said before but I really enjoy how your portray the country flags as their national animal. Very unique and I love animals and it's interesting to see what animals are a country's national animal
Sri Lanka's national animal is the Elephant
@@wailmerpail why is he portraying a different animal then?
@@oddiethefox5832 idk? ask him instead
for many country, portary animal is different from national animal.
For example- India's national animal is royal Bengal tiger not Indian elephant.
@@reddragon100 Exactly! Like the American national animal is the bald eagle, but we’re portrayed as a bison
Sri Lanka was like this person who had everything but had a terrible childhood. It was having flashbacks then later went to drink. It became an alcoholic and spent it’s money and time in bars. Things were becoming worse like the person’s wife getting a divorce, the kids leaving with the wife and etc. He lives in the streets broke and now addicted to drugs. Tell me what Sri Lanka is in your opinions. This is a comparison. Edit: Pls don’t get offended.
@An very person oh that’s a good one. Forget about it lol
Sri Lanka is the guy who obsessively borrowed 10+% on top of thier salary to invest into lifestyle (gaming hdi metrics like healthcare and education). They lost thier job during pandemic(tourism). Now people blame the home loan(Xina's infrastructure) or ceo who caused the global crisis(Putin) or preferential treatment of family members( Indian liberals blaming Sinhalese nationalism) or one family member(Rajapaksa family) depending on your (political) inclination.
PS: I am an economist. Xinese loans are expensive but they are not the root of the crisis, people conveniently forget the multiple IMF bailouts, this will be the 17th bailout if successful. It's like blaming the last store rather alcoholism.
@@Wuuujihh part of it, not the causal link. Like I said, will you blame the last store, frustrating client, the boss at work if an alcoholic relapses? They all played a part in the relapse, but they were not causal links.
@@TheStickman419 the result would have been the same if they had chosen to maintain the tax base. It was a desparate bet.
no no. This is EXACTLY what my country is like.
I lived in Sri Lanka from February of 2017 to November of 2019. While I was in the country I loved it and i miss it dearly. It makes me sad to see what has happened to it as I still have friends living in the country. I hope to return one day but unfortunatly that doesn't seem to be any time soon.
Nah you can go. Foreigners still have enough buying power. Plus tourism would really help 😊
In indian subcontinent every country except india and Bhutan are facing a shortage of foreign exchange reserves
Indian foreign exchange reserve has also declined from 640 billion dollars to 570 billion dollars and it is still decreasing
India will manage since thy3 mostly need foreign reserves for mostly energy where Russia is providing them with a discount. However thye are rumors that Russia might back out thr deal since their strongest partner china will be antagonised
@@hdhdhadn8356 i mean china already turned their back on Russia when sanctions were being thrown at them, so i find it unlikely Russia will back out of oil deals with India
@@ananthmilan753 yeah, I may not be an Indian but I'm glad oil isn't a problem for the Indians living there. Considering they make up 12% of the world's population
@@hdhdhadn8356 only 2% of Russia's oil and gas goes to China, China and Russia aren't very strong partners China isn't giving millitary aid to Russia so why would Russia not sell to India
@@williamthebonquerer9181 they will. But it might not past for long. You see russia has already been building pipes to transfer gas to China. Meaning in the future russia's biggest exporter of gas will be China. To satify China in the future once Europe barely buys gas and oil from them and China becomes the main exporter China might use its influence to make russia isolate or reduce the relationship with India. Kinda like with economic sanctions by the west after Ukraine war. There are people assuming that possibility including some economic channels. However, it's still not known
“Today I prayed for Boston, for America, my home away from home. Today, I realized how lucky we Sri Lankans are to have peace in our country. How I feel today, hearing of the bombs going off in the city brings back memories of how I used to feel four years ago in Sri Lanka when the LTTE was setting off bombs all around Colombo”
― Thisuri Wanniarachchi
Sami your countries next
What was this referencing?
@@maxlostchild7187 probably the Boston bombing from a few years ago.
@@maxlostchild7187 I would guess the Boston Bombing
@@MrCatsJvk thanks.
I am excited to hear your take on this topic, mate! Keep it up!
Excellent analysis. I have a friend from Sr Lanka and have been following the development. One of the key reasons you do not touch upon is corruption. I learnt that many in the government and at important positions were manned by one family ! Very sad. Hopefully, they find better people to govern and the West can extend a helping hand
You can often assume that corruption is abound when a country falls this hard. And also, you want to be careful with trying to point everything bad to corruption, cause that gives the false sense that "if we replace our current figurehead, everything will be fixed"
Not saying corruption isn't an issue, just got to realize, it's bad actions that causes disasters, and those bad actions can be committed by an uncorrupt person, just as easily by a corrupt person.
President Gotabaya? More like President Gotabaya new house in Singapore.
Good joke bro 🤣
Small countries that rely on import usually strengthened their economy on two particular thing: manufacturing of goods that require special experise (f.e: Liechstenstein produce false teeth and Taiwan produce chips and electronic supplies) or banking (Hong Kong, Singapore, Bahamas, Panama). Small countries that dont have any other strong sector besides tourism can easily die when tourism is fucked. However people always need good and people always need place to keep the money
However the ongoing wars obviously make foreign investors reluctant to trust their money in Sri Lanka. If only back then people could realize early that they ought be united and not to consider themselves as more superior than others, Sri Lanka could have been rich by now
The coof effects on tourism basically started all this problem in Sri Lanka but it's really only a matter of time with all the mismanagement. Imagine just suddenly banning the import of fertilizers coz you wanna go "green" without first having a study to show how much your farm output would fall.
What's "f.e."?
Do you know where I can find more examples? Lichtenstein producing fake teeth is really cool
@@Pedro14ceara completely unrelated as australia is an exporting country but we invented and manufacture most of the worlds cochlear ear implants.
Singapore is also a significant regional oil refiner & producer of oil rigs, & long marketed itself as ideal location for MNCs to set up Asian HQs. Some have worried though that the country might've tried to diversify its economy too much & end up being a Jack of all trades e.g. it might've loosened regulations for private universities & IPOs (to attract more of them) too much & the last 20 yrs might've thus as a result witnessed some universities abruptly closing & taking their students' money away with them, & some listed companies prosecuted for various reasons e.g. China Aviation Oil
Another contributing factor is the fact that the political leadership was a corrupt family that pretty much had control of the government and led to this. They are the reason for at least the economic issues.
This was super interesting, thanks for sharing with us! Keep up the good content man. God bless you :)
Thanks for the amazing vid Hoser!
Excellent breakdown of the history and implications, hope things smooth over soon
I truly enjoy your content, especially with the videos from a year ago or younger, you finally understood the rhythm and dynamic for talking, and the visuals and jokes get better, this is very solid work
I'm wondering why it took the algorithm so long to suggest me your channel, but I'm glad it finally did. Subscribed.
I follow some Sri Lankan Buddhists. Beautiful country. I pray the country finds peace at the least, the history and culture is so magnificent. One of the only Bodhi trees from the original is there.
Id love to see spanish American war in your style, the flag animals are so cool and creative! Gud vid
This coming decades will be interesting. Many countries are going to collapse while some will hold. Countries that are have a strong agricultural economy, that can access input like fertilizer, oil, natural gas and any form of energy to power their economies should be able to hold.
"The state is a heaven when there is law but a hell when there is no law"
Hope Bangladesh survives
So places like Russia
@@GeraltofRivia22 The major powers will most likely hold out. USA, Russia, China
You still need people to work those fields and considering Russia is gonna have a absolutely crippling population imbalance in the future (simular to china) it’s gonna be difficult for them to be self sufficient.
At least all the old people will die early dude to liver damage via chronic alcohol consumption?
“In Sri Lanka curiosity was not a trait encouraged among children, particularly in girls, because those in power- often males, but anyone older, or of higher caste, education or influence- were always right and their reasons needn't be explained or understood to the subordinate.”
― Niromi de Soyza
definitely not a flawed system gaming
Buddhism has caste?
@@mewmimo8465 In the sri lankan brand it has i think.
@@mewmimo8465 It doesn't. It's residual influence from South Indian cultures .
True since 2000 BC, and true till 2022 ad
I know this isn’t an original comment but I really really like how you manage to represent each country by its own cute lil animal
Your vids are amazing btw
As a Sri Lankan, I can confirm thst Srillion is my favourite number.
What is your experience over there like right now?
Sextrillion
@@innertuber4049 Not that bad. We don't have cars n' shit so no gas needed. We get plenty of money since my dad works in the middle east. The only pain is the power outage schedule tbf. Btw this is for my family. The majority of Sri Lankans can't afford food and have to wait a srillion hours in a queue for gas. So yeah, our family is ok, the others can't hold everything together. But the situation is getting better and the country will probably be back to normal in like a year or so.
@@zhappy I personally dislike cricket as a Sri Lankan (surprise surprise, south Asian guy dislikes cricket). So I don't really know about it.
@@vaccino3359 Cricket is a girls sport bro.
It is a matter of time for many countries in Latin America to follow a not so harsh scenario, but a similar one to Sri Lanka's.
Except Venezuela already has gone through it..over and over again.
@@rionthemagnificent2971 I still cant get why the Venezuelans are rich by now. They got biggest oil reserves in the world. They better use it before the demand for oil is gone.
@@dawn_alex Corruption and anti-democratic leaders. They were ONCE one of the most wealthy nations in the Americas. Until Scumbags like Chavez took over. in the 1950s-1970s they were a prime economy, they had investors and rich from NA and Europe buying large vacation homes and doing lots business there. Then came the rise of of socialist propaganda which elected anti-democratic, corrupt hyper-populist conmen who mismanaged and printed more money to cover their collective arses.. and its why Venezuela is in the shape its in.
Today I learned that the Grizzled Giant Squirrel of Sri Lanka is a real animal, and they are adorable.
sri lanka is beautiful and im so sorry for the people there...
Damn. I really wanna know the background musics used throughout the video
As a Canadian who's parents and grandparents were from Tamil Sri Lanka, I think they're doomed. With lack of food and the pandemic, they may not be able to survive. Recently, Sri Lankans traveled to Colombo and flooded the prime minister's house. Swimming in their massive pool, drinking their beer, eating their food, etc. They had to fled the capital. My mom went to Mullaitivu for the summer and she says there is decent living there and protests don't happened. It still means they face trouble and I do hope they recover with peace.
It wasnt just Tamils that flooded the PM's house
It wasn't just the "Tamils".
wrong, us tamils here do not give af.
@@lorenzoeliante6126 Your part is probably from South India or you just dont want to support the nation in which well... had a bad history. But my part is 70/30. Sometimes my dad just kinda... starts hating them.
The nerve to call yourself Canadian.
I love the vids.
i wish you put more emphasis on corrupt leaders on the head of state
Wow, this felt like your hardest vid.
I don't understand how country with so many food growth abilities can be so dependent on food import
Cause they banned fertilizers to be "eco friendly"
@@ho-leesheet5923 They lifted the ban after farmers protested
what about organic ones
@@johnwesley111harrison4 Yeah the problem started with that. The government banned chemical fertilisers overnight without any warning and they said they're going to start using organic fertilisers but the ingredients necessary to make them were not imported into the country and so the farmers had nothing. The ban on chemical fertilisers was lifted but chemical fertilisers did not make it to the farmers. The ban destroyed the entire supply chain in the country. It was that and the government's economic mismanagement (like big tax cuts) that caused all of the problems.
@@user-jt3dw6vv4xthey were too late tho
This aged well, Sri Lanka didn't split and things are getting back to normal
are you from sri lanka? what's it upto?
@@phoneywheeze9959 Same as it was before, imports are kinda expensive, but that's about the extent of it.
Things are back to normal😅 more like we're adjusting to the shite conditions
@@redneck3693 what's so shite?
I love these economic intro memes, please keep the Grade-A content coming! Lmao this is some good content!
I'm worried about it, I hope the situation in Sri Lanka gets better, and I also hope the same not to happen in Latin America, socialists are being elected in so many countries, and some of them are in a high risk to collapse, specially Argentina
Argentina post WW1 fell off
A socialist Sri Lanka, if it wasn’t a dictatorship, would be better for the time being imo
Firstly, I don’t know why socialism is been mentioned about what happening in Sri Lanka’s crisis. Secondly, The Americas in general are net food and energy exporters/independent so they have little to worry about compared to the rest of the world.
@@oracle372 Socialist policies since its founding is the major reason why Sri Lanka has been on the verge of collapse for decades.
@@oracle372 Sri Lanka has always been socialist and that is precisely the problem
stay strong my brother and sister in Sri Lanka you guys are the best and you have one of the best history an culture and i love learning about you guys pakistan is unfortunate might go through the same thing because of our bad government but i really really hope it dose not and i do think there is hope just stay strong love form pakistani
🇱🇰 ❤🇵🇰
Hey brother. Stay strong. Hope you guys can make out of the crisis. 🇮🇳❤️🇵🇰
@@gocool_2.0 🇵🇰❤🇮🇳
Pakistan pls don't collapse too the housing in my country is already to expensive XD
@@williamthebonquerer9181 holy fuck it's incredible 10 Arabs rent a single house and the greedy owners raise the prices because those mfs can pay any price because they all work
@@Exodia.57 illegal Albania immigrants pay double rent to not get deported smh
One of the better videos I have seen on this topic .. and a good explainer without having to explain the whole Rajapaksa family shenanigans ... While the lockdowns of 2019 & 2020 (and then again 2021, thank you omicron) were already tough, I am happy to have left in August 2021 ...
Are you in Sri Lanka now ??
@@beammeup8458 nope, left a year ago
Saskatchewan let's gooo
I knew Hoser was a real one
Awesome video! Do Colombia next please
I'm actually in Sri Lanka right now visiting family and power does indeed go out every now and gas is scarce too so not a lot of traveling is happening
I remember going on vacation to Sri Lanka about 5 years ago. It was a beautiful country, with lots of cheap, delicious fruits. Guess I went there at the best possible time
Well now wouldn’t be to bad either the currency is weaker so even cheaper fruits!!! 😭 not good for us though but the country has stabilized now I hope plans for restructuring goes well and voters would elect some people with brains
It's back to normal now
I didn't even know anything happened in Sri Lanka
I see you've used Margit's OST from Elden Ring in the background. Underrated track.
You seem to have confused Sri Lankan Tamils with Indian Tamils. Indian Tamils were (and still are) the ones working in tea plantations, and they had nothing to do with the civil war. The civil war was between Sri Lankan Tamils and Sinhalese, and Indian Tamils were hated mostly by Indian Tamils because they were of a lower caste.
You need to add the source of your information and link in description all the data you used in this video becouse otherwise no one can check if the data are true or false.Thats the difference between speculation and facts
I mean, a quick Wikipedia search verifies much of what he's saying, but I still agree with you
@@innertuber4049 you really shouldn't use Wikipedia as a source for these kinds of things.
@@kevinaguilar7541 Why not? It's cited, and the articles they cited are legit. It's a secondary source, sure, but it at least confirms that this guy isn't just making the whole video up.
@@innertuber4049 true true, but the issue is that anyone can manipulate Wikipedia information. It does get corrected but who knows how long it takes the moderators to do so. That's why you should always fact check Wikipedia by checking its sources.
@@kevinaguilar7541 mhm
Luckily, like I said, the general storyline he presented is indeed factual
Prayers for Sri Lanka 🙏
ngl i had a social worker still talk to him he's from Sri Lanka and he told many horror stories and how his family shipped him to Canada for a better life and he still see's them but I Do Hope his family can soon do the same.
His voice and talking pace really emphasize the bad 😂
Considering how international TH-cam is, he talks really fast. And he has this pressured cadence which is really annoying.
@@Merle1987 He sounds fine to me, like the way regular people talk
Oh wow a country going thru a crisis and he emphasizes the bad? How terrible of him /s
The slower he says the word the worse the situation is 😂
Do a video on Bulgaria
I love how the final advice is just survive, run and dont look back!!!
Nice vid
I appreciate how you use the Arabian oryx for the uae in your latest videos the falcon is overrated will you be making a video about the uae?
1:20 “We didn’t start the fire, it was always burnin since the world’s been turning.” Billy Joel and chorus
1:43
Monsoon: Now there's a pretty meme. Exquisite!
well, it is sad but it is a learning experience making new possibilities for the country every country has a fall but the country might have a rise again
The capital of Sri Lanka isn't Colombo, it's Sri Jayawardenepura Kotte, right next to Colombo.
Please do Argentina, Afghanistan, Algeria and Lebanon ''vs the future'' videos :)
Hmmmm this really reminds me of Lebanon right now
Thanks for this video, I enjoy your content :). Please also do an ''Israel and Palestine vs the future'' video
@@shzarmai no
Dude I swear we have the same heritage
Love my Sri Lankan bus drivers here in Serbia
woah youre so underrated!
I appreciate your little hiphop references sprinked in your videos
It was so sad coz Sri Lanka is better country in South Asia in terms of gdp per capita even bigger than Philippines and this was all happen.😢
2nd best 1st is maldives
as a sri lankan i am so sad
im Sri Lankan
And THIS IS SOOOO TRUE!!!
That MyHeritage plug was seamless
When your import dependent and frequently take out loans it is a disaster waiting to happen, look at South Africa who also likes taking out loans but their exports are still strong even with their bad government
I was on vacation in Sri Lanka back in 2015 with my family and all I can say is that i’m really sad to see them like this:(
Yo are you really kanye
@@g.k.9686 yeah it’s him
I like that these videos always end on an upbeat note 😊
I never subscribe to channels that put their ad slots in the middle of the video instead of the end. Just a heads up for you, as I’m likely not the only one
It was originally made for the end, and I put it there but they wouldn't allow me to upload it unless it was in the middle and I had already signed the contract saying I would make a video for them. Likely not taking them again as a sponsor (probably shouldn't say that here lol)
Can u do lebanon next?
Next: do either India or Iran
I hope Sri Lankans get out if this crises, and I am sure they will, much love and power to Sri Lanka from India🇮🇳❤️🇱🇰
You’re the best youtuber
Hello from India 👋👋
This is informative 👍👍
It's really hard to see Sri Lanka like this 😅😅
It's been 1 year right how is it doing now?
SL rupee collapsed from 200 per dollar to 330 per dollar and has stabilized at that level. That has made importing harder and have automatically balanced the current account and even created surplussed for the central bank to build reserves. No shortage of anything now, if you have the money, you can buy anything. No queues for Petrol, no power cuts etc.
Inflation is low at around 1-2% now, but was above 50% last year and prices have level at those highs. The problem is prices of everything is 2-3x higher than they were 2 years back. People's incomes have not gone up. My guess is, if all the tough reforms go ahead as planned and they succeed, incomes would go up over the next 4-6 years so that peoples living standards can catch up to 2019 levels in 2027-28.
@@shakthianjanananayakkara6528 Thank you and good to know this👍✨️
Happy new year in advance ✨️
@@yellowishyoutubechannel3900 Thanks, same to you.
8:28 Jay Z was the 90s
YES
Ive actually been to Sri Lanka and has several friends from there. AS far as IM concerned, there was a harsh economic crisis, but no violence was present. Thats what was peculiar about it, the protest were done peacefully.
I'm glad as a Sri Lankan I was able to escape the country and now am a British citizen. Your ending was really depressing, that basically the country is doomed. Maybe you are right, maybe China will help but Sri Lanka isn't of strategic importance anymore like it used to be in ancient times so maybe not. Either way, not my problem anymore I guess🤷
mfs still believing in china 🤦🏽
Just a normal day in 2022
At 2:01, the way you said “soOoOoO” cracked me up haha
10:45 "throwing money at problems type attitude", i am definitely going to use this on conversations from now on. concise.
We are fine here 🙂👍🇱🇰
🤨what...?
One of my friends visits Sri Lanka yearly since he's a professional wave rider and I heard someone talking to him about visiting sri Lanka and he said "stick to the beaches"
Considering the situation in Sri Lanka and so many other places, it seems that countries that are only outraged by fuel and food inflation are actually doing just fine, like here in Brazil. But our "problems" blind us to the places that are really struggling.
3:40 What? That's not even the reason for emigration. A significant chunk of Sri Lankans work in the middle east because of better pay and they don't have degrees for the most part. The remainder emigrate to US, UK, NZ, AUS etc for better opportunities. Demographics is not really the reason for that lol.
9:47 False. Chinese contractors were involved in the development. The President' built an airport in his district probably to gain more support for himself. State-owned enterprises were and still are run inefficiently, employing many people and paying unnecessary bonuses. Energy isn't priced based on market movements, they're fixed.
10:42 That's also false. The government approached China to bail them out so that they can pay their upcoming ISBs which are just loans from the foreign debt markets.
It was a attack on a church not a hotel
Churches and hotels were attacked.
Short answer: Since Srilanka had it's economy relying on tourism,when the pandemic hit and travel was restricted...Well....I guess you can figure this out yourself.
One of the best, if not the best, video I have ever seen regarding the collapse of Sri Lanka.
As for right now in Sri Lanka things are trying to be repaired but tbh if you have any money left, it's best to save up and leave the country to find new opportunities somewhere else than being doomed to suffer for the rest of ur life
First love the videos
can you do poland next
You should make a video about Lebanon also.
And also India, specifically about its tensions around religion.
I'd rather see a video on why Indians like pupu'ing in the streets so much
🤣🤣
@@xxcronomaxx7986????
I beting that Pakistan will be the next to collapse in south Asia
Sri Lanka will stand strong again. 🇮🇳❤️🇱🇰
Just need to make a comment of fertilizer thing that was talked in this video.
Actually Sri Lanka has very fertilized soil. You can see it by using a world fertility map.
But the problem is that the natural rice seeds produce less food and talks longer time to produce a harvest. So Sri Lankan farmers are used to cultivate genetically modified seeds, which produce more food in less time, but needs modern fertilizers. So, banning modern fertilizers means no food. Before banning, Sri Lankans should have learned the old ways of cultivating natural seeds.
Why wouldn't the companies that own the genetically modified seeds want farmers to be 100% dependent on them?
Those companies made sure that farmers are 100% depend on those seeds, because of the money I guess. As those seeds need modern fertilizers, after the fertilizers got banned, seeds did not grow in fields.
Really appreciated the video! Just think that the influence of extemely corrupted politics has kinda been downplayed. Obviously, its not easy to put everything in the video, but i feel like this is important to spread around to make sure that history doesn't repeat itself, again lol
Could you please do a similar vedio on Lebanon please becuse it's in a similar state and I live in it