14 October, 2024

Blog

The Countdown Week & The Debate Week

By Rajan Philips

Rajan Philips

As Sri Lanka starts the countdown week before its September 21 presidential vote, the US finished the debate week that is expected to set the campaign tones for the remaining eight weeks before its presidential election on November 5. In a riveting performance last Tuesday, the Democratic candidate Kamala Harris exceeded all expectations and with consummate lawyerly skill laid bare the utter limitations and disqualifications of Donald Trump to be America’s president a second time.

The incoherent and blustering Trump undoubtedly made Harris’s debate tasks a whole lot easier, but the pre-debate onus was on her to show that she could perform in an unscripted engagement just as well as she is showing herself to be in organized rallies and in delivering tele-prompted speeches. And she did that superbly.

As debate politics goes, the big US and little Sri Lanka are at extreme ends. Sri Lankan presidential candidates have studiously avoided the ordeal of a face to face debate in a structured forum and the challenge of responding to independently prepared questions. Instead, they are firing questions and making accusations about one another but only from the security of their own platforms and in front of their own cheerers and hangers on. President Ranil Wickremesinghe would seem to have taken this old approach to a new level in what is fast becoming his last hurrah.

A Lopsided US Method

In the US, on the other hand, self-serving media hype has turned presidential debates into the single most pivotal moment to establish the eligibility of one candidate over the other. The irony of it is that a single debate between two American candidates gets all the hype and attention in what is globally the most consequential political election. Even so, while doing well in the debate was hugely necessary for Kamala Harris to validate her credentials, it is not at all sufficient to ensure her victory in November.

Like her Democratic predecessors, Al Gore, Barack Obama, Hillary Clinton and Joe Biden, Harris is certain to win the popular vote; that is the majority of the total votes in the election. But that will not be enough unless she also gets the majority 270 of the 538 Electoral College (EC) votes in the undemocratically calibrated US presidential election system.

Al Gore polled more than George Bush nationally in the 2000 millennial election, but lost the EC vote and the election because of his narrow loss in a single state, Florida with its 30 EC votes. Hillary Clinton similarly won the national vote but lost to Donald Trump in 2016 because of her loss in three Midwestern states – Michigan (15 EC votes), Wisconsin (10) and Pennsylvania (19), all of which had been won by Obama in the two previous elections. Biden turned the tables on Trump in 2020 and won all three states and took two more (Arizona and Georgia) from Trump.

Kamala Harris is running strong but tight with Trump in all the above five states that Biden won, and has brought two more into play – North Carolina and Nevada that Trump won in 2020. She has tremendously improved the chances of a Democratic victory since taking over from Biden, but nothing is certain until the votes in the now seven swing states are cast and counted.

The rest of the fifty states are divided between the two parties with baked in support no matter who the candidates are. Identification with and loyalty to either of the two parties is well entrenched in American politics. Democrats are dominant in 18 states, the so called blue states that are more urban, populous and diverse, and account for 225 EC votes. Republicans hold sway in the 25 red states that are relatively less populous, more rural and more white, and carry 219 EC votes.

The challenge for Harris is to win enough of the seven swing states (so called as they have been switching between the two parties in the last six or so elections) to get 45 more (270-225) EC votes and prevent Trump from getting the 51(270-219) EC votes he needs from any number of the seven states. The margins of victory in any and all of these states could be a few thousand votes.

So, around a 100,00 voters in the seven swing states might determine who America’s president and the world’s superpower leader will before the next four years. A rather lopsided method for choosing the world’s most consequential political individual. All the more so, when it could lead to the second election of someone like Donald Trump, whom Kamala Harris clinically dismissed as a national disgrace and a global joke.          

The Sri Lankan Variant

The Sri Lankan voters do not have the weight of the world on their hands, but they carry the fate of the country’s economy and its politics at least for the next five years. While Sri Lanka does not have an electoral college screening system as in the US, it has its own undemocratic aspect by virtue of the ranked method to determine the winner if no candidate passes the 50% muster on the first count. As everyone is predicting, the winner next week is likely to be determined after counting the second and the third preferential votes for the first two candidates marked on the ballots of all the other candidates.

The two front runners are widely expected to be Anura Kumara Dissanayake and Sajith Premadasa, with Ranil Wickremesinghe running third – but how close or far behind is still anyone’s guess. While neither of the two frontrunners is expected to get more than 50% of the vote, it is also likely that whoever comes first will end up the winner even after counting the preferential votes.

The chances are that the ultimate winner may not even exceed 40% of the vote. He could even win with only a third of the vote and would immediately be stigmatized as the executive president with one-third mandate. In a polity that is stoned on two-thirds majority. No matter, the country will have a new president. Unless Ranil Wickremesinghe magically manages in one week to bewitch an electorate that has grown tired of him over many decades. Yet it would have been more democratic, but expensive, to have a second runoff election between the two frontrunners to elect a president with a clear majority.

There is a second point of difference between the US and Sri Lankan presidential elections. In the US, the president, the whole House of Representatives and a third of the Senate are all elected on the same day. The new administration and the legislature start their new tenure after the inauguration of the new president in January following the November election. The Sri Lankan presidential election next week will complete only half the job. The new president will assume office almost immediately after the election, but will be stuck with the old parliament that is crying to be put out of its misery. Again, there are unprecedented possibilities.

Anura Kumara Dissanayake has declared that if elected he would immediately dissolve parliament and call for a general election. There will be a caretaker government until a new parliament is elected. That is a clean as a whistle approach and is consistent with AKD’s promise to start a new chapter for the country. But it is not without perils and pitfalls. The size of his vote will determine the leeway he has in implementing a caretaker government. And the performance of the caretaker government with AKD as president will hugely determine the NPP’s fortunes at the parliamentary election.

The challenges are huge given the NPP’s inexperience in government and the constitutional barrier to appointing ministers from outside the parliament. Innocence in government ceases to be a virtue once you start making choices and decisions that impact people. There may not be much time for expatriate experts to arrive and take care of a caretaker government before the parliamentary election. Unless there is already a plan in AKD’s back pocket.

Sajith Premadasa, unless I have missed it, has not taken a clear position like AKD on what he will do with the current parliament if he (SP) were elected as president. Unlike AKD, SP has enough numbers in parliament to form an interim cabinet and keep going for a while before calling a general election. But he will have the opposite problem to that of AKD. While AKD will have to bring in people whom nobody knows, Sajith Premadasa will have a time excluding people whom everyone hates. It is difficult to see what Ranil Wickremesinghe will do differently if he were to beat all odds and be elected as president. He would certainly savour his lifetime achievement but that will be of no service to the country.

Both Dissanayake and Premadasa will have to figure out a way to implement their promise to eliminate the elected-executive presidential system. The easiest and the surest way would be to start the process immediately and tag a referendum question on the presidency to the general election ballot. That would call for a decision on their own status as president – if they are ready to do the opposite of, and reverse, what JRJ did with little fuss in 1977/78. Anything less will show their unseriousness. Yet there is no point in calling it a betrayal after all the broken promises since 1994.

Traditionally, Sri Lankan voters have been motivated by multiple factors and considerations: the ethnic identity, class politics, party loyalty, caste prejudice, candidates’ likeability and locational priorities. But these factors have always been drawn into an overriding wave of judgement on the performance of the government in power. Until 1977, voters generally and cyclically voted governments out of power and the opposition into power. The cycle has been wrenched up after 1977 in more ways than one.

The upcoming election next week is unique in that there is no one to be judged and thrown out of power. Aragalaya has already done that, and the expelled Rajapaksas are now out of contention. Ranil Wickremesinghe’s candidacy is also unique in that he doesn’t think that he should be judged for anything, but rewarded for saving the country from the Rajapaksa mess. The problem with that premise is that while he may have cleaned up the economic mess of the Rajapaksas, he has stubbornly entrenched their political mess.

For the first time, and uniquely as well, Anura Kumara Dissanayake is presenting himself as the spearhead of a new political force without past political baggage, and is appealing to the expectations of people to have an honest and efficient government. He has won over many people to his promises about the future, but what is not known is how many people are taking him at his word that his organization no longer has any of its old baggage.

There is not much that is unique about Sajith Premadasa, but he has emerged as a fortuitous beneficiary of the disintegration of the country’s old political parties. Dissanayake and Premadasa are the acknowledged frontrunners, but they have distances to go to prove their political mettle both before and more so after the election.          

Latest comments

  • 4
    1

    “The upcoming election next week is unique in that there is no one to be judged and thrown out of power. Aragalaya has already done that, and the expelled Rajapaksas are now out of contention.”
    Yes, Aragalaya did it, but not completely. Rajapaksas are still safe and had influence through Ranil Wickremasinghe. Ranil always says that he saved the country from Economic Crisis but he did not say anything about Political Crisis. When you think about Pillaiyan in his ministry that is enough to say about his honesty.

  • 5
    1

    The American electoral college vote is well suited to a country with a federal system of 50 states, and is quite democratic. Each state is like a mini country demanding equal representation. It keeps the Federal Union from falling apart, or States will start demanding secession. Each state has its own unique characteristics, and they secure their way of life this way. It allows states with smaller populations to be on par with the states with larger populations, otherwise e.g. Wyoming with a population of 600-thousand will be completely ignored out of its voting rights by California with its population of 39 million.

    • 2
      0

      Cont…..

      For Sri Lanka, it is imperative that the 3 main candidates have a debate. One can never be sure of what their real policies are, as each lie and exaggerate about the other when in their own audiences. They will wax eloquent on taxation, education, country development, education, reconciliation, provisional-rights, etc. Their manifestos lay all these out in great conscientious and logical detail.

      But the main question is how they are going to achieve all their promises on a bankrupt nation. The key question should be: How to get back the Lankan USD100-billion stashed in the offshore accounts and tangible overseas assets to fulfill their promises. Even bringing half back will be a boon on the country. Will they make deals with the offshorers holding the money (where the money will take a long time in coming back) or will they prosecute them in Vietnam style and get at least half back ASAP. Only Sajith seems to be promising this at this point.

      • 8
        0

        Thanks Rajan and RTF for explaining both systems. There are always cons, who present things out of proportion or alternate facts to claim otherwise. The fact that Hillary got more votes was stressed only to counter Trump’s lies that he got popular votes . Fair enough Trump got more EC representation to get elected as president. But when incumbent Trump lost , he not only refused to accept but decided, by all means to dismantle the very electoral system by stop counting , if not, get enough fake votes to win EC, prevent EC from declaring the final results, filed tens of fake cases all over the country either disputing or delay results , create confusion among his party supporters and when all failed staged an insurrection. People of the same kind with no morality and ethics keeps continuing with his own lies.

      • 2
        0

        RTF, your question is very good, being how to get back the stolen money in offshore accounts and overseas assets. These jobless robbers need to go where their money is or as Sajith is promising at this point, suggest they be prosecuted and be jailed, so that they can get their free food for life from this nation. Executive Presidency is a hindrance with no good towards its own citizens and finally must be scrapped for future prosperity to naturally flow out. Hope Sajith is ready to sacrifice for the sake of his nation as a family man.

      • 3
        0

        Ramona,
        “How to get back the Lankan USD100-billion stashed in the offshore accounts “
        You keep repeating this BS. Do you have a shred of real evidence?

        • 1
          2

          There’s a thing called circumstantial evidence OC……but it’s far more than mere circumstantial evidence. Just do a bit of Googling on reputable sites, and you’d find a whole lot of evidence.
          Our systems of law hadn’t been evolved to stop
          the corruption and money-drain.

          • 3
            0

            Ramona,
            If you did the Googling, show us a few of your “reputable” links. If there actually is any evidence, like in Keheliya’s case, the Rajapaksas would have been in with him.

            • 1
              0

              OC,

              I’ve already put some links on the article, “The 56%, The Difference Maker.” As I said, Vietnam gives the death penalty so “hidden money” can be relieved. We won’t need this. We can only appeal to our people to be patriotic and care for our suffering masses.

              • 0
                0

                But leave alone all the crooked offshorers. They will take over a year to prosecute. Those Lankan overseas holdings and conglomerates that place the Lankan money on foreign stock exchanges should bring the money back ASAP so the money can be utilized on the real-time economy and to take the country out of bankruptcy. That’s how other successful countries do it. The candidate who confirms this will be the winning one.

                • 3
                  0

                  Ramona
                  “Those Lankan overseas holdings and conglomerates that place the Lankan money on foreign stock exchanges should bring the money back ASAP so the money can be utilized on the real-time economy and to take the country out of bankruptcy. That’s how other successful countries do it”
                  You’re mumbling again. Tell me two “successful countries” that ban their citizens from investing on foreign exchanges? If that was so, all the foreign investors would have to leave our own stock market, causing it to crash.
                  Name the Lankan conglomerates that have listed in foreign stock exchanges?
                  Big companies like Keells, Combank and DFCC have issued GDRs on foreign exchanges, which is a a perfectly legal way for foreigners to invest in local companies.
                  You are confused.

                  • 0
                    0

                    OC,

                    So I Googled, “Which countries do not allow their citizens to invest in global stock markets.” This is what AI said:

                    No countries are known to prevent their citizens from investing in global stock markets, but some countries do have restrictions on short selling:

                    -China : Has strict regulations on short selling, and sometimes imposes temporary bans or restrictions, particularly during times of market volatility.

                    -South Korea : Has banned short selling until at least March 30, 2025.
                    _
                    -Malaysia : Has a cautious approach to short selling, and has reintroduced restrictions over the years, particularly during market downturns.

                    -Indonesia : Has had temporary bans on short selling, usually in response to significant market downturns.

                    -There are no citizenship requirements to own stocks of American companies, and non-U.S. citizens can participate in the U.S. stock market

                    • 0
                      0

                      OC,
                      _
                      I also Googled the meaning of GDR’s.

                      AI said: A Global Depositary Receipt (GDR) is a financial instrument that allows investors to buy shares in a foreign company without dealing with currency, language, or tax restrictions. GDRs are issued by a bank in a foreign country and are typically traded on international stock exchanges.

                      Shame on Keells, Combank and DFCC for using the money of the hardworking-suffering-Lankan-masses at the time of country bankruptcy(and the many decades coming to bankruptcy), to invest on GDSR’s. The Western billionaires have only become richer. What a sad and sorrowful situation to our Motherland.

                      Time of bankruptcy (and for the many decades coming into bankruptcy), there should have been massive restrictions on GDR’s.

                    • 0
                      0

                      Cont.

                      We can go back to it in a very controlled way only after we recover. Doubt our stock market would crash if we withdraw our monies for the good of our nation. Foreign investors in our markets don’t invest in us because we invest in theirs. They invest in ours because it is part of the global networking. Pulling a few billions to help our country recovery won’t crash a multi-trillion dollar global networking industry. They will understand, and invest in us even more as our local industries start booming…..finally, there’ll be something tangible to invest directly in Sri Lanka.

                    • 0
                      0

                      Ramona,
                      “Shame on Keells, Combank and DFCC for using Shame on Keells, Combank and DFCC for using the money of the hardworking-suffering-Lankan-masses at the time of country bankruptcy( at the time of country bankruptcy(“
                      A GDR enables foreign investors to invest in SriLankan companies. They are using their own dollars, not “Shame on Keells, Combank and DFCC for using the money of the hardworking-suffering-Lankan-masses at the time of country bankruptcy”
                      Jeez! Stop talking about things you don’t understand.
                      So you found that no country bans its citizens from investing abroad. Short-selling has nothing to do with that. So your argument was wrong.

                    • 0
                      0

                      So it’s like this OC : Lankans are investing in rich foreign places far more than foreign places are investing in our poor country. See the discrepancy? And those Lankans are getting very rich indeed. Money is rarely brought back to our land. My links show that other countries, even rich China regulate their foreign trading. In times of crises, they stop it altogether till country has recovered. But Sri Lanka, it is nothing doing. No system of laws to regulate the money drain. No adequate taxation. Praying that the new gov. will put in the correct measures.

        • 9
          0

          OC, no SARC country has got back stashed money in offshore accounts, as promised. The reason for that is , election gimmick. Most politicians have stashed money, even if a clean person doesn’t the party members , family members, relatives, close friends and their campaign / party / financial contributors including businessman, underworld, tax evaders …… have stashed money. In medical parlance, it’s like claiming a metastatic cancer with no spread “, with such claim , what will be the outcome of any treatment ??”. Modi govt promised in their early days, but they consciously avoid talking about it anymore. Pakistanis, Bangladeshis, Nepalis…… all said the same, but nothing happened. We had Panama and other sensational investigative journalism for years. At least one or two prominent people were forced to resign then elsewhere, but not in Status quo Lanka.

          • 7
            0

            chiv

            “OC, no SARC country has got back stashed money in offshore accounts, as promised. “

            Not to worry, there seems to be a continuing financial crisis in western banking system which could lead to trade war as Donald Trump warned a few days ago.
            The alternative banking system could emerge elsewhere, I am happy to let you know that Hindia and SJ’s Dharmista country China are very much interested in developing a Switzerland of the orient in Colombo Port City.

            Don’t imagine it is going to be another sin city, we have our moral watch dogs in Asgiria and Malwattu, ……… By the way they also can be persuaded with right rewards and we need to reemploy Diana Gamage.

            • 0
              0

              Yeah….and risk an atomic bomb dropped on our heads.

            • 0
              0

              Native, ” developing a Switzerland of the orient , in Colombo Port City ” . I guess that is one option to bring stashed money back, CLOSER to home. Brilliant. When Hindian and Chinese currencies become worldwide tradeable, we can have our own currency market with many possibilities …. swap, trade , launder, invest, personal banking ( with options of white or black ) many……… many ……..more. Other than Diana we have , GLP , constitutional expert in amendments, Cabral expert in printing and developing parallel markets …….

              • 0
                0

                Chiv,…….vista of prosperity that will never come about…..it’s outdated economic methodology, you see….i.e.the Port City business.

          • 0
            0

            chiv,

            The candidate who promises it will get at least 25-50% back…..enough to get us out of bankruptcy.

Leave A Comment

Comments should not exceed 200 words. Embedding external links and writing in capital letters are discouraged. Commenting is automatically disabled after 5 days and approval may take up to 24 hours. Please read our Comments Policy for further details. Your email address will not be published.