John Müller: The Sri Lanka Paradigm

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07/11/2022

Updated at 3:51 p.m.

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Sri Lanka is one of the one of the worst economic disasters in contemporary history. Between June 5, 1965 and today, the country has been rescued 16 times by the IMF and a handful of times by private investors, including China and India.

Its biggest problem is the social discord among its 22 million inhabitants, which prevents it from taking advantage of its advantages and makes it an easy prey for populist and ideological politicians. There was a time when the former Ceylon was an example. On July 1, 1960, it was the first country in the world to elect a woman as head of government. But a civil war between the Sri Lankan majority and the minority...

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