24 June, 2024

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Uncertainty About Elections Can Cause Instability

By Jehan Perera

Jehan Perera

The petrol and gas queues are gone, but economic statistics paint a grim picture. The country’s international debt continues to mount inexorably as it did before the economic crash. Two years ago when the economic crisis hit, it was in the region of USD 80 billion. According to news reports, Sri Lanka’s debt has now increased to over USD 100 billion amid marginal improvement in some macroeconomic measures (such as inflation), while unpaid principal and interest on selected debt exceed USD 6.4 billion. This bodes ill for the country.  It shows that little that is fundamental has changed in these past two years. The country, and government, continue to spend more than they earn and can only make ends meet by borrowing from abroad.

Since Sri Lanka suspended servicing the external debt of bilateral and commercial creditors in April 2022, unpaid debt service has increased to close to USD 4.5 billion, while unpaid interest has gone up to USD 2 billion by the end of last year. Last year, the government got little over USD 2.12 billion in foreign financing by signing 16 agreements with foreign development partners and lending agencies. However, nearly all of this, US$ 2.02 billion was in the form of loans which need to be repaid. The economy contracted by 2.3 percent last year after shrinking by 7.3 percent in 2022.  Economic growth is estimated to be around 2 percent this year, but the income level will still be less than it was two years ago. Worse is to come. The World Bank has recommended that “a sufficiently deep debt restructuring is needed to restore Sri Lanka’s debt sustainability.’’

Government leaders have been saying that the country needs political stability if it is to continue on the past of economic recovery. Not just politicians but economists too have been saying the same thing. Unfortunately, as the above statistics show, the evidence for the economic progress that the country is said to be experiencing under the present government is limited.  Some sectors of the economy, notably tourism, are doing very well. But other sectors, such as small scale manufacturing are facing huge difficulties. There are also hardly any large scale investments taking place, and where they are, as in the case of the Mannar wind power project, it appears that the terms are highly disadvantageous to the country.

Illegitimate Government

There is an uncertainty that prevails in Sri Lanka about the future of elections which is the topic of conversation everywhere, in the markets and supermarkets, over meals and drinks with friends and colleagues, whether the government will hold elections or not. This is the uncertainty that is going to undermine the country. Already two sets of elections have not been held, the provincial council elections for over five years, and the local government elections for over a year and there is no sign of them being held either, except in the words and promises of government leaders. The presidential elections due this year will hopefully set the stage for other elections to follow and Sri Lanka will be democratically stable even as it copes with the economic challenge.

For the past two years there has been a freeze on the repaying of most debt as the country is officially bankrupt and going through the initial phases of an IMF-led debt restructuring programme. When the country finally negotiates a settlement with its debtors it will have to repay those loans that it is currently not repaying, and the burden on the masses of people will get even worse. This calls for problem solving by a government that is seen as being legitimately voted in by the people at free and fair elections.  A government that avoids holding elections in 2024 will be perceived as illegitimate and will find it difficult to restrain the anger of the people when the economic crisis grows in intensity.

Presently, the political uncertainty that prevails in the country is not due to elections but is rather due to the possibility that there will be no elections. Not having elections on the grounds of wanting to have political stability is to put the cart before the horse. All democratic countries have elections. England held elections in the middle of World War 2, and so did Sri Lanka during the three-decade long war and in the midst of insurrection that almost toppled the government. Elections are a given in a democratic society, and everything needs to be arranged around the elections, and not the other way round. The reason there is political uncertainty in Sri Lanka today is that no one knows if elections that are due will, in fact, be held.

Early Elections

Constitutional experts have pointed out that extending the term of office of the president and parliament would require both a 2/3 majority in parliament and approval by the people at a referendum. They also point out that the president’s legitimacy to seek an extension of his term of office is even more compromised as he was not elected by the people.  Unlike a president elected by the people, Article 31 (e) of the constitution specifies that a president elected by parliament cannot call for early elections after four years. Pragmatism also dictates that the government is unlikely to press for a referendum to extend its life. Public opinion polls have consistently shown that the two main opposition presidential candidates from the SJB and NPP are ahead of the incumbent president. Therefore, it can be surmised that the majority of voters at a referendum would not wish to postpone elections and provide a longer period to the government.

When in 2022 President Ranil Wickremesinghe became president through a vote in parliament he was able to crack down and disable the protest movement due to the special conditions prevailing at that time. The economic situation was dire and the street protests were getting out of hand. But today there is a state of normalcy in which there are no visible shortages but most people are worse off economically than they were in 2022 due to the shrinking of the economy by 7 percent in 2022 and 2 percent in 2023. The deteriorating political and economic situation of the country is a matter of deep concern and should be given the highest priority by the leadership that does not prioritise self –interest and instead prioritises national interests.

Also, it is unlikely people will acquiesce in a crackdown by a government that is denying them the right to vote.  Legitimate government that is voted for by the people is needed to cope with the international debt which is bound to get worse once Sri Lanka reaches agreement with its creditors to start repaying its debts. In these circumstances, economic recovery that benefits the masses of people needs to be given priority. The postponement of elections is not only democratically illegitimate, it would also generate public opposition that would create political uncertainty and drive away economic investors. The best course of action for the government would be to end the political uncertainty by working with the Election Commission to declare the date of the presidential election sooner rather than later.

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Latest comments

  • 15
    2

    The article makes good sense. Elections should not be postponed. Postponing should not even be discussed. Period

    • 11
      1

      Elections are medicine in a democracy. It brings in cathartic effect by nullifying a lot of accumulated consternation in a society, though democracy may provide opportunity for demagogues as well; yet if swayed, it represents the current emotional status of that society for the rest to take note of it.

    • 5
      4

      Not discussing can facilitate postponement.
      Anything in the public domain deserves thorough discussion so that misdeeds get fully exposed.
      Think about it.

      • 0
        0

        SJ you make sense. Postponement is only for the current lot to rob the country more and rob the citizen’s wealth by a few in addition to selling off national assets also for robbery. This excessively greedy robbing must be stopped and not tolerated. In fact judicially, must recover stolen dollars stacked in foreign accounts. Otherwise, this robbing will never end.

    • 4
      4

      Anural emulates SJB leader.
      .
      https://www.youtube.com/watch?v=LkLwB3P15so

      • 3
        4

        AKD aka Anura

  • 16
    4

    I don’t know what this guy is, perhaps not an economist ……. what he says about the economy has a ring of truth ……. can anyone refute the facts/figures he is quoting …… point by point? ……… https://www.youtube.com/watch?v=yl3VjGIRlE4

    • 7
      12

      Nimal,
      That’s Marikkar the SJB MP. Not an economist but an ex-Sirasa journalist.

      • 8
        7

        OC and Nimal, a commission is appointed to investigate the role of Lankan investigation / intelligence agencies SIS, CNI, CID, DMI . . . . . . . . . . in Easter Attack. Do anyone really believe that Lanka will come out of debt crisis ????? keeping in mind, Lanka balanced budget only once since In- dependence.

        • 8
          7

          Chiv,
          I don’t believe the country will ever come out of debt. Living beyond our means is a national tradition.
          If a tourist compares the streets in India and Sri Lanka, he might assume that India is the bankrupt one.

          • 1
            0

            Hello OC,
            There are even parts of the UK that you could say the same about. When my sisters visited last year they commented that many of Sri Lanka’s roads were in better condition than those in North East Scotland (Capital of the Oil Industry).
            Best regards

            • 7
              5

              LS,
              “better condition than those in North East Scotland “
              True, we seem to spend more on unnecessary beautification of houses roads and highways.

          • 7
            4

            OC , thanks. Obviously there are not many who see that way.

          • 1
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            old codger, as you say it is not just living beyond our means, but greedy craving and robbing has become part of some of these leader’s personalities and RW defends the lot as long as he can stay in power. We call this a democracy and it is laughable. Next aragalaya coming.

        • 10
          1

          OC,

          Thanks.

          chiv,

          At this stage I honestly don’t know what to think ……… what to believe.

          Only thing I half believe is that AKD will get rid of some the ridiculous perks for ex-presidents and pols.

          For me, a few little ones will do ……. I don’t expect bigger things from any Lankan.

          Unless we vote LS to power ……. then his days are numbered! :)))

          • 8
            3

            Nimal, I’m with you. Irony is that we are not alone. For decades, Lankans are voting / hoping for ” few little ones ” (will do ) , but even that has been denied by who ever came after.

          • 2
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            Hello Nimal,
            I was driving down the Shamal Road in Qatar during a sandstorm. I was doing about 15 km/hour and Land Cruisers etc. were passing me doing well over 100 km/hour. Occasionally I could see a slight clear patch above me and noticed very dark smoke, then the clear patch was gone. I moved over to drive on the track at the side of the highway as the passing cars were frightening the life out of me. I noticed a few cars parked in the desert with the drivers waving people to slow down.
            Minutes later I saw a huge melee of crashed cars (around 40 or 50) with those in the middle burning fiercely and overturned cars (obviously had been going too fast) in the desert that had tried to avoid the wreckage.
            Two of my colleagues that had left before me, later on explained that they had narrowly avoided the first couple of cars that had crashed only to have escaped collision with a speeding Land Cruiser by inches. Whenever I read about the situation in Sri Lanka it reminds me of this experience, only this one is in slow motion.
            Best regards

  • 7
    10

    With US$ 100 Billions of DEBT, should not the SL being taken over by India in order to improve the lives of its citizens!

    • 9
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      Naman,
      “With US$ 100 Billions of DEBT, should not the SL being taken over by India in order to improve the lives of its citizens!”
      Yes, if the “Lankans ” agree. But do you think they know what’s good for them?

      • 1
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        old codger,
        That argument in favour of letting India take over SL is unbecoming of you, unless you were attempting to stress the reality.

        • 6
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          Nathan,
          If we can’t manage our own affairs after 75 years, don’t you think there’s something wrong?
          I believe that the right people aren’t being allowed to manage the country due to religious and ethnic considerations. Nobody who promises people austerity and a hard time will ever win an election here.
          If China was next door, I’d say the same thing. We can only survive by linking up with a larger economy. We simply don’t have the culture to survive on our own.

          • 1
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            old codger,
            Yes. We have failed. India is on the path to success.
            What % of indians enjoy that success is the Q to ponder.

            • 4
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              “India is on the path to success.”

              That’s a good one. The brain drain in India is almost worse than in SL. Look at the income differential. Someone with a degree from an IIT, e.g. Google CEO, has no incentive to stay in India, even when you account for the difference in cost of living. This will not end for various reasons.

              India

              Entry-level positions: ₹10-20 lakhs per annum (INR) (approximately $13,000 – $27,000 USD).
              Mid-level positions: ₹20-40 lakhs per annum (INR) (approximately $27,000 – $54,000 USD).
              Senior positions: ₹40-70 lakhs per annum (INR) or higher, especially for those in leadership roles or with significant experience (approximately $54,000 – $95,000 USD).

              Silicon Valley

              Entry-level positions: $100,000 – $150,000 USD per year.
              Mid-level positions: $150,000 – $250,000 USD per year.
              Senior positions: $250,000 USD per year and higher, often including significant bonuses, stock options, and other benefits.

              • 7
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                Lester

                ” The brain drain in India is almost worse than in SL. “

                It is natural for those who share the same genes to worry about those brothers and sisters who live elsewhere.

                What brain drain in India got to do with you and why would you of all people worry about most successful Indians leaving India?

                Do you know how many Sri Lankans have already left Sri Lanka either permanently of temporarily since 1956 in general and 2019 in particular?

                Stop worrying about smelly India, Toilet Nadu, corruption in Hindia, your brothers in South India, ……or brain drain, ….. Make sure you don’t encourage theocracy, kleptocracy, dictatorship to root in Sri Lanka.

                • 3
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                  Native,

                  “Do you know how many Sri Lankans have already left Sri Lanka either permanently of temporarily since 1956 in general and 2019 in particular?”

                  Does that include you? I noticed the people who complain very loudly are the ones eager to visit.

                  “Stop worrying about smelly India, Toilet Nadu, corruption in Hindia, your brothers in South India,”

                  I heard Elon Musk recently gave Internet to some of your distant cousins in the Amazon rainforest. Instead of studying human rights and emulating your heroes Navi Pillage/Big Mouth Sooka/Dirty Darusman, they got addicted to porno.

                  Anyway, Sri Lanka can be fixed, permanently, at a cost of around $220B USD. If you had given everyone in the country $10K USD in 2014, and they had invested it in Apple stock, their total net worth would now be around $85K USD (862.83% return). $10K USD is not a lot of money. Think about the millions that funded LTTE terrorism every month for decades. The Pajeros, BMW’s, and Defenders imported by the politicians….

                  • 0
                    5

                    *96K USD

                • 6
                  5

                  Native,
                  Some purported statisticians spouting imaginary “statistics ” don’t know that a million emigrants leaving from a 1.2 billion population is a lower percentage than million leaving from 23 million.
                  What such fake statisticians pretend not to know is that even 150,000 INR per month gets you a pretty good lifestyle in a country where you can buy a good used car for that price, and 20,000 p.m will get you a decent apartment. As for US salaries, how can they be compared with living costs in each country? Beef costs 250 INR per Kg in India vs. 22USD in NY. Chicken is five times more expensive in the US than in India..The fact is that the majority don’t leave, unlike here.
                  In any case, as you say, it is unclear why jungle statisticians don’t worry about their own countries.

                  • 6
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                    Native,
                    The jungle statistician is now hung up on imaginary plans to improve the country by means of his other hang-up, the US stock market. He pretends not to know how it crashed in 2008.

                    • 1
                      6

                      The three-wheeler driver doesn’t know that the US market has recovered 183% since falling 57% in 2007. He also don’t understand that the average annual salary in India is only INR 9,45,489, which is 3x less than what a bus driver makes in the US. What is the half-life of a 50 IQ brain cell?

                    • 0
                      6

                      *Since falling 57% in 2009

                    • 5
                      0

                      Lester,
                      You are poor at Arithmetic.
                      US has recovered 183%
                      It had, previously, fallen 57%
                      (100 – 57)% = 43%
                      That recovery of 183% was on 43%
                      = 78.69%
                      That means that 21.39% is still to be recovered!

                    • 5
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                      Lester,
                      100 – 78.69 = 21.31
                      21.31% is still short!!

                    • 4
                      1

                      The jungle economist still doesn’t understand that the 945,489INR (11,000USD) that the average Indian worker earns, (according to him) can buy him three cars? How many cars can the average Lankan worker buy with HIS salary? Nobody is interested in what US workers get. India is our neighbour, not the US. Does the jungle statistician even know that the Per Capita income of TN is higher than SL? Cut the crap. Go give yourself some green thumbs. It might help your ego🤣🤣

                    • 5
                      1

                      Nathan,
                      “That recovery of 183% was on 43%
                      = 78.69%
                      That means that 21.39% is still to be recovered!”
                      It seems some purported “mathematicians” are hitting the bottle more than usual today.🤣🤣🤣🤣

                    • 0
                      4

                      Hi Nathan,

                      Let’s be clear, the 57% drop refers to the peak in 2007 and the trough in 2009. So we are assuming someone bought at the peak in 2007 and held through 2024.

                      If you invested $100 in 2007 at the peak (S&P 500 at 1,565.15), your investment would have decreased to $43 during the 2009 trough.

                      By 2024, with the S&P 500 at 4,425, your investment would have increased to:

                      Value in 2024=100×(4425/1565.15)≈282.67

                      This means your $100 investment in 2007 would be worth $282.67, a total return of approximately 182.67%.

                  • 0
                    0

                    Hello OC,
                    I just checked the Wallmart price of chicken compared with Keells. US $6 per Kilo compared with 2,200 SR Rupees. Looks about the same price to me. Average Salary for Electrician in USA US $29 per hour compared with a mid range Sri Lankan Electrician of 50.000 SR Rupees per month. So for a 40 hour week an American Electrician will earn around US $4,800 per month, which is 1,440,000 SR Rupees.
                    So here in Sri Lanka we pay the same price for Chicken but the equivalent American worker earns 28 times as much. I know that it is difficult to compare countries but I didn’t expect such a difference.
                    Best regards

                    • 5
                      2

                      LS,
                      6 USD is only 1800 rupees.
                      You’re shopping in the wrong places. Cargills last week had a sale on chicken @ 990. It’s usually around 1500:
                      https://cargillsonline.com/ProductDetails/Meats/Prima-Whole-Chicken?ID=JtrkXFT4ggzQsOk8LZZsvA==
                      But in India, chicken is around 200 INR (750 LKR)
                      https://dir.indiamart.com/ernakulam/chicken.html
                      Sri Lankan food prices are very high.

                    • 0
                      5

                      Old,

                      You are writing a load of rubbish as usual. Only 7.5% of Indian households own a car. This is what an Indian user wrote on Reddit: “Indian Here, People can’t afford to buy car. GDP per capita is 2k $. Roughly the same as the least expensive car. Those who afford cars buy it, others who can afford buy Motorbikes, scooters and other 2 wheelers. A big percentage still uses cycles. If people could afford, everyone would buy a car.”
                      The second point is, people with IIT degrees are not looking to take advantage of the exchange rate by moving to S. Lanka and hiring you for tuk-tuk services. They move to Western countries and increase their net wealth via compounding across various asset classes, which also negates the effect of higher taxes and a higher cost of living.
                      The third point is, you cannot use discounted food prices to compare the cost of living. You are using an unrepresentative sample.

                    • 4
                      1

                      Jungle Lester,
                      You can cherrypick from Reddit, but it doesn’t change the fact that vehicles of any kind are cheaper in India than here. Add t to it that there are many metro rail systems operating, Also, unlike here, vehicles over 20 years old are taken off the road unless they pass an expensive MOT.
                      “The third point is, you cannot use discounted food prices to compare the cost of living. You are using an unrepresentative sample.”
                      Lying again about things you know nothing about. How about onions at 20 rupees?
                      https://www.livechennai.com/Vegetable_price_chennai.asp
                      As I pointed out before, Tamilnadu has a higher PCI than Sri Lanka, plus a lower COL. So who are you trying to fool?

                    • 4
                      1

                      Lester the liar,
                      So you’re up at 1 a.m in “UK” ? Very peculiar.

                    • 0
                      3

                      Old,

                      You have lost this argument.

                      Only 8% Indian families own cars, NFHS finds. Over 50% still use bicycles, bikes & scooters.

                      https://theprint.in/india/only-8-indian-families-own-cars-nfhs-finds-over-50-still-use-bicycles-bikes-scooters/971413/

                      That is 2022 data, not much difference in per capita GDP till now. There are dozens of articles like that.

                      All of your comparisons are useless. Indians are fleeing India for the West. ” From November 2022 to September 2023, The Hindu news report says, up to 96,917 Indians were arrested while crossing illegally into the US.” Those are middle-class Indians. They go to South America and try to cross into the US illegally.

                    • 2
                      0

                      Lester the jungle joker,
                      What has China got to do with the fact that the Indian rupee appreciated 800% against the LKR? India is our neighbour, not China.I know you can’t stand being shown up as a habitual liar.
                      Undeniable facts:
                      TN has a higher per capita income than Sri Lanka.
                      TN has a lower COL than Sri Lanka
                      TN is not bankrupt, SL is.
                      India is not a paradise, but it is more livable than Sri Lanka.
                      I would rather believe someone who actually lives in India (like Chiv) than some fake jungle economist bitter at being fired by an Indian supervisor. Especially one who gives himself green thumbs to boost his ego. So pathetic.

                  • 1
                    1

                    OC, is absolutely right on the money. I worked in the U.S for 15 years and now in India for more than 10 years. I’m the sole bread winner in my family. So I’m thorough with monthly expenses. Average salary of most high income professionals are anywhere between 1 to 2 Lakhs / month. . So many own car if not scooters and bikes. Rarely you see bicycles on the streets. People who earn above 1 lakh can easily save or invest long term. Many low income households, get subsidized food, free gas cylinders, free education / health, public transport . . . . . . . etc . . . etc. Hence, it’s rare to see them , not having mobile phones and TV network. Average salary of a semi or unskilled worker (like the North Indian Laborers working in the South ) is any where from 750 to 1000 a day. According to govt sources, currently minimum monthly wages of unskilled 17, 494, semi-skilled 19,279 and skilled 21,215.

            • 8
              6

              Nathan,
              “What % of indians enjoy that success is the Q to ponder.”
              True, but it is still better than being bankrupt. Most people in Sri Lanka are economically illiterate, so they have not yet realised that 60% of their savings simply vapourized since 2022.
              There is an undeniable fact. The Indian rupee has appreciated against ours , from 0.5 to almost 4 since 1980, almost 800%. Even having a common currency, EU-style, should be a good deal.

              • 0
                3

                “Most people in Sri Lanka are economically illiterate”

                I agree, you are economically illiterate. Can’t speak for others.

                ” The Indian rupee has appreciated against ours , from 0.5 to almost 4 since 1980, almost 800%.”

                And the Chinese yuan is 11x the Indian rupee. According to your dumbistani logic, China should form an “economic union” because they are neighbors.

                “Even having a common currency, EU-style, should be a good deal.”

                Here we go, idiot hour unleashed. Tell that to the Greeks who committed suicide (35% increase) between 2010 & 2012. What about Brexit, you old fool?

                • 3
                  0

                  Lester the jungle joker,
                  What has China got to do with the fact that the Indian rupee appreciated 800% against the LKR? India is our neighbour, not China.I know you can’t stand being shown up as a habitual liar.
                  Undeniable facts:
                  TN has a higher per capita income than Sri Lanka.
                  TN has a lower COL than Sri Lanka
                  TN is not bankrupt, SL is.
                  Two million people left SL since 2022. ( 8% of the population).
                  Less than 1% of Indians migrated.
                  India is not a paradise, but it is more livable than Sri Lanka.
                  I would rather believe someone who actually lives in India (like Chiv) than some fake jungle economist bitter at being fired by an Indian supervisor. Especially one who gives himself green thumbs to boost his ego. So pathetic. Go and hit your bottle. What else have you got to look forward to?

                • 4
                  0

                  Lester the “educated”,
                  “idiot hour unleashed”, “dumbistani logic, “, “What about Brexit, you old fool?”.
                  What brilliant wit! Such logic! Such scintillating arguments! 🤣🤣🤣🤣
                  I know your periods are coming on (you shouldn’t have taken those hormones just because they were cheap). Is your shirt getting tight too?
                  Weren’t you listening to your Indian teacher when he was teaching Logic at your private school?

                  • 4
                    0

                    Lester,
                    Why don’t you get yourself nominated to Parliament? Your natural abilities would make you fit in perfectly. Don’t forget the chillie powder.🤣🤣

        • 1
          0

          Hello Nathan,
          Since coming to live in Sri Lanka I have had a slowly increasing awareness that India has a much bigger influence on Sri Lnkan Politics than I thought. If you look at the Authoritarian turn that Sri Lanka has taken after the Sirisena Government, it mirrors the Modi Government’s aspirations for India. As a political Newbie in Sri Lanka it is difficult to put my finger on how India wields influence here, but I hope that some (or more) will set me straight.
          Best regards

          • 5
            5

            LS,
            The first real authoritarian was JRJ in 1977. . He used his 5/6th majority as he pleased. That majority was a reaction to the policies of his predecessor, Mrs. B, who went down the same socialist road Indira Gandhi was taking in India (and perhaps Labour in UK?).
            India’s “permit Raj” was mirrored here with import controls, food shortages, exchange controls, etc.
            Austerity is not something voters like.

          • 2
            4

            … how India wields influence here.
            LankaScot,
            The influence of India is not political. It is historical.
            That history is not accidental. It is geographical.
            We simply cannot wish it away.

            • 5
              6

              Nathan,
              “We simply cannot wish it away.”
              We look like them, talk like them, sing like them, worship like them, even though some claiming to live in third countries spout statistics in denial. Perhaps they were shafted by Indian managers.

              • 2
                0

                Hello OC,
                “Perhaps they were shafted by Indian managers.”
                That mainly happens in the Middle East, where many of the Business Managers (Hotels and Supermarkets) are from South Indian Countries. I knew some of the Managers and a few of the girls taken advantage of 😢- (you may have a different expression to use). Quite a few Sri Lankan relations and their friends worked in Lulu, Safari, The Intercontinental etc.
                Best regards

          • 6
            4

            LankaScot

            “As a political Newbie in Sri Lanka it is difficult to put my finger on how India wields influence here, but I hope that some (or more) will set me straight.”

            It is a well known fact that as far as Hindians are concerned Sri Lanka is the Sinhala State of Akhand Bharat (by the way North East is part of Tamilnadu if Tamil speaking people so desired).

            Just because Sri Lanka (mostly Sinhala/Buddhist nationalists) have a flag, national anthem, an army, a parliament, a navy, an airforce, some functionaries, and believe they are Buddhists, a few political parties (corrupt or racists or both ) ….. claim to have sovereignty (whatever that maybe) and close friends with Pakistan and China, a seat in the UN, ….. apes Hindutva ( Sri Lanka and India’s Regional Dominance – By LAKSHMAN GUNASEKARA,
            https://groundviews.org/2024/05/30/sri-lanka-and-indias-regional-dominance/)
            does not mean Sri Lanka is a separate country.

            It is the Delhi Sultanate that runs Sri Lanka, of course Sri Lanka enjoying devolved powers.

            Our friend Nathan is being polite to us (yet he retains a little bit of Sri Lankan Nationalism).

            If Hindutvas retain power for a long period then Sri Lanka will be converted to one country, one law, one language, one religion, …. …. the most important thing is Amit Shah the enforcer will become the emperor of Akhand Bharat.

    • 2
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      India already has a job at hand improving the lives of its majority.

  • 5
    6

    I have said it elsewhere. I’ll say it again.
    Elections will NOT be postponed.
    Ranil is playing a mind game with the voters.
    That deters the electors coalescing.

    • 0
      0

      Nathan, I disagree with you regarding not postponing elections. It is Ranil’s only game and desire is to stay in power, but he has to bend to the greedy robber’s wishes for that purpose. These warped robbers will never have enough ever in this life and will leave it all behind when they die as the command is “Thou shalt not steal” Rev.21,8 gives a list of those who at death will dwell in hell and go into the lake of fire as God makes a new heaven and a new earth.

  • 7
    7

    I remember the story my Grandmother told me about someone who was called “wolf wolf wolf” when there was no wolf. One day, when the same person called when there was a wolf, no one took any notice. Similarly, Ranil told us all debt restructuring agreements would be signed soon but never got done. So we are at a stage we do not believe he can achieve it.

    When I wonder why so, my mind goes back to Ranil having all the crooks around him who are UNPers and SLPPers; in addition, he gives money in various ways to MPs to build up a war chest for the election. He allows a gazette to be published, allowing the crooks of the cricket management in SL to be in power for 8 years; maybe they are funding the election war chest. In addition, when a citizen’s house burns down, one has to claim from Insurance, but Ranil is paying MPs whose homes were burnt and damaged. Why the double standard? He also extends the service of the Attorney General, who has given so much wrong advice to the government, as proven by Supreme Court decisions. He has passed bills by the Parliament that were ruled as a violation of the constitution without the amendments proposed by the courts.
    I can go on for pages talking about the stupidity of Ranil but I will stop here.
    Let us all join hands to stop Ranil from winning the election again.

    • 3
      1

      “I can go on for pages talking about the stupidity of Ranil “
      Do go on, but of late he has made asses of each of his rivals; so where does one place them?

  • 2
    4

    You don’t need to be an Economist to understand why Sri Lanka itself declared that Sri Lanka is bankrupt and the country has no money to pay the debt. IMF did not tell that you don’t need to pay the debts but to get an agreement to delay but to pay with interest in full. IMF and its allies are happy to give some more loans until Ranil gets power and follows their agenda.

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    My old man used to say that an unprincipled man is never to be trusted.

    • 2
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      Some “principled” individuals can be dicey too– subject to the principles that they follow.

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      I am certain that the old man died lonely.

  • 4
    7

    For those who are familiar with game theory, Rani’s best strategy is to postpone the election. Postponing the election provides a higher payoff compared to holding the election as scheduled. However, there is one caveat: that a postponement does not cause another “Aragalaya” or similar political instability.

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      Hello Lester,
      The problem with game theory is you assume that you are dealing with rational people. Unfortunately some are not.
      Best regards

      • 0
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        Behavioral economics can be incorporated into the model.

    • 0
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      Lester, I too agree with you that a postponement will definitely cause aragalaya 2 and the robbers of citizen’s wealth will this time have to go further than the Trincomalee naval base.

  • 6
    1

    Jehan Pereira
    I think you are trying to incite people to start unnecessarily getting agitated and start protesting against a system that is running smoothly.
    I remember you well, you were one of the staunchest supporters of Mara and his band of thieves back in the day.
    Presently Sri Lanka is moving at a steady peace and I think most people are quite satisfied in their subconscious minds. Even though some people may ask for elections, at the back of everyone’s mind is the feeling of relief from a lot of past tensions. So why rock the boat.
    You may be getting paid in brown envelopes to write and perturb the system, that is your means of income, so you can say what you want, but I am not worried if elections are postponed.

    • 2
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      HT
      “most people are quite satisfied in their subconscious minds.”
      Appearances are deceptive.

  • 0
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    “The article makes good sense. Elections should not be postponed. Postponing should not even be discussed. Period

    ……………….Perioddddd
    ha ha ha ha
    What a strong and tough end to the “period”! These are strong statements from Jokers, who failed to understand who they are!
    May I ask from you what Jehan PhD’s past toils made you rate this essay as “Make Good Sense”. Like Jehan PhD, how many of you are getting out of termite holes to reestablish your UOJ VC positions? Didn’t the Jehan PhD, taking the hands of the most notorious political Pundit, the Thero de Silva and consulted the Yahapalanaya government to get Lord Naseby support to overturn the UNHRC ‘s resolution 30/1? None of these guys honestly oppose the UNP-SLFP union’s atrocities. Can somebody explore into that if that is not fearing them the next government is also going to be UMP-SLFP union government so future VC positions are going to be hurt. If they are honest, if they have any point on their illumination of why or why not the election be postponed, why do they not explain to the laymen, but hide their true mind and only illuminate the laymen? Aren’t they trying to reserve an elevated seat on the political discussion with this kind of illumination while tightly safeguarding their position within the UNP=SLFP union?

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      “Perioddddd”
      You seem to be having your periods?

      • 0
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        You seem to be having your periods

        You could not have yours, so you feel jealous. So, you are convulsing to have your smelly throw ups and cholera diarrhea. I wrote about the stories of UOJ and its PhD’s VC thirst. CT took off. It was intended to be a preventive vaccine for your Cholera Diarrhea. Anyway, CT would not cooperate so now you have fallen ill. I am not a doctor; if you are complaining about your ills there isn’t a lot I can do. Find a local one. Pls don’t touch Dr. Deva medicine when your condition is this desperate. Show patience for some days.

        (There seems to be a hole in the head instead of all others having stuff, brain. That is why that thought is always, in dream and real!)

  • 3
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  • 1
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    I am not against conducting election, discussing about election, lying more and brainwashing the Modayas and converting them more into wild beasts, making all of them more fools worse than worst idiots, elite and bogus pundits get another round of perks for their services in the election activities, and poor getting change Sari and dhoti in the name election bribe, or even the EU monitors coming this year to Langkang and spent time in the land, the third best in the world for tourism. I am not opposing conducting one more election.

    Yet, can I ask a question from Jaffna Man who, too, took tours in the name of Election Monitoring? What about these elections, which are only a carnival – fiesta occasions for elites and another new Kandyan (UN?) accord for the poor in total, has done for the countries (Especially Global South)?

  • 0
    3

    Can you tell me who is this essay writer Jehan PhD and for how long he has been taking foreign governments’ monies and working on promoting Sinhala Buddhism with Appe Aanduwa? Didn’t he, after the war, transported baldheads to UOJ to spread Sinhala Buddhism by opposing students playing Tamil Nadhaswaram. If you, Sadampi, like the honest bogus pundits, who were one time dying for SLFP candidates like Siri Ma O – Chandrika- Old Rowdy, stop brainwashing then there will be no need for the election for the country, but it will return to a flourishing land. How many of the fishermen, farmers, & coolies are participating in the CT’s discussions, illuminations, aka called brain washing?

    Wasn’t Jehan PhD a leading proponent of appointing Evil as unelected president because that time, in his opinion if the Protestors had gone ahead and forced the parliament go home and brought a fresh election it would only create Anarchy? Is this UNP – SLFP one party rule continuing 75 years is not Anarchy?

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    Meaningless praise from a fake pundit to encourage the same class to expand and flourish in fake UNP-SLFP propaganda! Please honestly discuss what the UNP is planning to use the ⅔ majority of the Slap Party to achieve in this election? Is that protecting the fake recovery which never happened in real world, other than in IMF’s political campaign, or completely corrupt the Langkang’s constitution and eventually save the Slap Party criminals from international investigation for genocide crime and deny justice for Tamils, ever?

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