Sri Lanka: Deficits in the economic policy?
What Sri Lanka must do is what is good for Sri Lanka, and not for the World Bank. There is nothing wrong in strengthening the businesses in the country to produce goods and services, create employment and boost the growth. But it should not be at the expense of the poor, the working people, the needy or the average citizen.
by Laksiri Fernando-
“Neoliberalism is the defining political economic paradigm of our time – it refers to the policies and processes whereby a relative handful of private interests are permitted to control as much as possible of social life in order to maximise their personal profit.” – Robert McChesney
( March 20, 2017, Sydney, Sri Lanka Guardian) If we draw an overall balance sheet of the present government, the major deficit is in the economic ledger than in the political one. Although the promised political reforms have not yet been satisfactorily fulfilled, the people seems to feel much ease under the present dispensation than the previous one, according to reliable information. However, the situation might be quite chaotic on both fronts, if corrective measures are not taken in the foreseeable future. The past two years would be marked as not so productive, but abundantly ambivalent.
