この問題で

We are all complicit!

For decades (some) economists have been exhaustive in their prescient warnings about the twin deficit problem. However, their prophesies about this economic crisis went unheeded, as if they were under an Apollonian curse.
There was never an urgency to deal with the problem, and today Sri Lanka is a defaulter with a junk credit score that cannot manage its affairs. In this, we are all complicit.
After all, the zeitgeist has only recently manifested its reprehension of politicians and their ilk, corruption, nepotism, cronyism, and waste. Have not the citizens let themselves be held to ransom by a bloated, coddled, and egregiously inefficient public sector? The gradual reversal of trade reforms of the late 70s ruined our prospects for FDI and export growth. Instead of striving to lift all the boats, have we not pursued policies that only sank Sri Lanka deeper into serfdom (in a profoundly Hayekian sense)? We produce several graphs (please see pages 22 to 26) that tell an important-yet-banal story people are tired of hearing. However, looking at these graphs, at which point should we have launched an Aragalaya to get off the aimless and senseless economic ride post-independence? What do you think?
Even as we mark the 75th year of independence, we are worse off because of our individual choices, as the economists featured in this edition point out.

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