हम से मत पूछिये हद हमारी गुस्ताखियों की जनाब हम आइना ज़मीं पे रख कर आसमां कुचल दिया करते है.
Yes. That’s right ! Inflation is not the problem they have today. In fact, inflation is the perfect solution to their problems. Read carefully the Rissala Srilankan Analysis……
Why did they run out of dollars? Why do they have huge rupee and dollar debt ? Why did they continuously borrow? Even after the default, why are they going behind lenders & begging for more loans ?
Because they are a nation of consumers, not a nation of producers! they are a population of 22 million consuming more than they are generating ( or producing ) . Obviously, if you spend more than you earn, you end up borrowing!
Their politicians, for decades, made them slaves to subsidies. Fuel subsidies, fertilizer subsidies, free houses, subsidized water & electricity, free education, free healthcare, free cash etc etc. These politicians did not do this because they love you & me, they did it just to buy their votes and to make them their slaves! That’s the culture they need to change now. And we Indians need to ensure we don’t go into that freebies culture.
Out of the total debts of theirs, yes, politicians may have busted max 10%, but the balance 90% was busted by all of them as a nation by consuming subsidised goods and services for 30+ years!
One of or dearest friend – Saranya shifted there to teach & train their potential future bureaucrats. She did not have to do it for money only….but also to provide an oppurtunity to the youth to prepare. A noble venture. Watching her work so hard as an Indian made us realise that they did not even have a srilankan who could start a top class academy for their children. Even that had to be imported!!!. Sadly Free loading is engrained into their culture now. It requires sacrifice and fire in the belly to defeat it.
I visited srilanka and had the oppurtunity to interact with their top ministers in regards to setting up a Rissala Polo Equestrian sporting centres and Rissala “Evolet Electric” setup there, this culture was most prevalent there & upon highlighting it up with their top ministers, sadly they knew and realised but public demanded more and noone thought long term effects. All of them knew they were entering a debt trap but thought someone else would sort it out. What we see today is the end to it now. Do you know that, if they had not subsidized fuel and fertilizer for the last 25 years , their foreign debts would have been less than half of what it is today? Do you know that Srilanka has 1,500,000 government servants, 800,000 three wheelers, 200,000 boutique shops and 50,000 salons, spas,cosmetic and photo shooting centers ? If you are a person traveling abroad regularly, have you ever met a Sri Lankan taxi driver abroad ? A Sri Lankan spa attendant, Sri Lankan Mobile or boutique vendor ? Never! Why is that?
Unlike in India , Pakistan , Bangladesh, Philippines , Indonesia, Thailand etc, in Sri Lanka , people can live a normal life without starving, even if you don’t do a productive job, because almost every basic need there is free or subsidized!
वे कौन हैं जिन्हे तोबा की मिल गई फुरसत, हमें तो गुनाह भी करने को जिंदगी कम है!!
If you are fed , why hunt ?
This is the culture the political vultures gifted them . They should not only chase away those vultures, but must change that culture and society also! If they expect only to chase those vultures away but after that come back, relax and live in the same unproductive, subsidized ,mediocre society, then this change they are asking for has no meaning whatsoever .
Let there be no subsidy, anything except health and education. Let everyone pay the right price for what they consume, if they need to consume . Poverty is something that shall be defeated, not something to be embraced ! Their political culture encouraged them to embrace poverty and never to defeat poverty. They gave them free/discounted things and they got addicted to that. They bred a generation of unproductive individuals, consumers, to be slaves of a subsidized society. What they are going through today is a direct result of that.
Rissala always says Inflation is god sent for them inflation is good. It will get rid of this anomaly. Inflation will push people to be productive to survive. Inflation will adjust the prices of goods and services and will demand consumers to pay the cost of their consumption, by themselves. Inflation will ensure that by running a three wheeler, wayside boutique shop, or small salon/spa, an individual cannot maintain a family. In short, inflation will demand you be more productive, or perish! Inflation shall be addressed by productivity and not by adjusting the policy rates. They must implement more productivity focused economic policies and not consumer based policies. Going on age-old theories, recently, the Central Bank drastically increased the policy rates. The objective was to curb the inflation. This is sadly a wrong move and will not encourage productivity, but discourage it! Higher interest rates for deposits is always a subsidy given to deposit holders at the expense of productivity.
No friendly country or lending institution shall lend money to Sri Lanka to re-implement or maintain this unproductive, subsidized society. Because if they do, these lenders will also not get their money back and the country will declare bankruptcy again in a few more years! Lenders including IMF must insist that no imported goods , including fertilizer and fuel shall ever be subsidized. They must insist that the dolling out of money by way of various other subsidy schemes be stoped. They must insist that retirement age of all government employees must be at 60 years and not 65! Lenders must demand that loss making government business ventures be shut down or to privatized. If we are their wellwisher then Don’t lend them to defend their currency artificially. If their currency has no value, let it be 4000 ruppees per dollar , not 400! Please , please, please! Don’t lend them a penny to be wasted . If you lend them to waste, you are not a friend, you are an enemy! You will have another Pakistan or Bangaladesh as a neighbour. You are not managing their problem . You are worsening it!
This economic collapse is the best thing that happened during their lifetimes! They need to wake up, not only to chase these political vultures away, but also to change ourselves, their attitudes, and their society. There will never be a chance like this again!!!
𝓒𝓸𝓵𝓸𝓷𝓮𝓵 𝓐𝓳𝓪𝔂 𝓐𝓱𝓵𝓪𝔀𝓪𝓽. 𝓥𝓮𝓽𝓮𝓻𝓪𝓷.
16𝓽𝓱 & 61𝓼𝓽 𝓒𝓪𝓿𝓪𝓵𝓻𝔂, 𝓘𝓷𝓭𝓲𝓪𝓷 𝓐𝓻𝓶𝔂.
यूँही छोटी सी बात पर ताल्लुक़ात बिगड़ जाते है. मुद्दा होता है सही क्या है और लोग सही कौन पर उलझ जाते है.