Are we sure what actually caused this? The BBC and other MSM claim that it's because it cut taxes and led to a collapse in government revenue.
The government also banned fertilizers, which led to a precipitous decline in agricultural output, but that was a way to save on foreign currency reserves.
I have also seen claims that this is because it got Chinese loans with heavy strings attached.
My understanding is that while inflation was the original cause of this unrest (because it made gas and other essentials increasingly unaffordable), the situation only started to really spiral out of control when the government tried to force Sri Lanka's agricultural sector to go green.
I'm sure all those other factors, like inflation and Chinese investments with strings the size of the Himalayas attached, didn't help. But the government almost certainly could've weathered that storm for at least a good bit longer if it hadn't gone full retard over organic farming while in the middle of an international food & supply crisis.
Are we sure what actually caused this? The BBC and other MSM claim that it's because it cut taxes and led to a collapse in government revenue.
The government also banned fertilizers, which led to a precipitous decline in agricultural output, but that was a way to save on foreign currency reserves.
I have also seen claims that this is because it got Chinese loans with heavy strings attached.
My understanding is that while inflation was the original cause of this unrest (because it made gas and other essentials increasingly unaffordable), the situation only started to really spiral out of control when the government tried to force Sri Lanka's agricultural sector to go green.
The result was said agricultural sector collapsing, Sri Lanka going from a previously self-sufficient (food-wise) country to a net rice importer (and importing rice cost them more than the fertilizers), and its primary export crop - tea - being devastated, while all the outside globalist voices clamoring for Sri Lanka's government to do this promptly shut up, shrugged & walked away once their nationwide ESG scheme crashed & burned.
I'm sure all those other factors, like inflation and Chinese investments with strings the size of the Himalayas attached, didn't help. But the government almost certainly could've weathered that storm for at least a good bit longer if it hadn't gone full retard over organic farming while in the middle of an international food & supply crisis.
Gas and Food price hikes. Check.
Forcing green initiatives on farmers. Check. ESG scheme check.
The west is next.