It’s amazing how often the word “unexpectedly” appears in the public discourse when it comes to government policy, e.g. “we provided free housing for poor people, but we still have a homeless problem”.
So this probably comes as unexpected news to those of the socialist persuasion, but to the rest of us, it’s as predictable as the dawn:
The prime minister of Sri Lanka, Ranil Wickremesinghe, declared in remarks to the nation’s parliament on Wednesday that its economy had “completely collapsed.”
The socialist country is facing the worst economic crisis in its modern history, prompting acute shortages of food, medicine, gasoline, natural gas, and other core goods since March. Lavish spending under the Rajapaksa dynasty’s rule coupled with socialist mismanagement of the economy, a “green” policy that banned chemical fertilizers and made the country reliant on food imports, and trade deals in which Sri Lanka took out predatory loans from China all contributed to the nation’s rapid decline.
Almost sounds like 2022 Murka, dunnit? But most importantly: is Sri Lanka running short of Tampax?
Honestly though, when you have no natural resources, and your primary exports are tea and Sri Lankans, you probably need to be a little more careful in how you run things.
Of course, Sri Lanka is no longer “Ceylon” (part of the terrible British Empire), so there’s that.