Sri Lanka Economic Crisis

Red Flags of Cold war in the Indian Ocean: From IS-claimed Easter attacks to Yuan Wang–5

The alarm bells had been ringing for some time in Sri Lanka. The island nation is strategically located at the center of the Indian Ocean on the busiest trade and Undersea Data Cables routes in the world and hence perpetually in the cross-hairs of big power rivalry. For those who missed the signs if not the red flags; ripples caused[Read More...]

A Brief Outline of Strategy for the New Phase of Janatha Aragalaya

[This article is based on the discussions with activists of the Janatha Aragalaya and concerned Sri Lankan citizens. It is a humble contribution towards ongoing debates within the movement. As the French proverb goes: “De choc des opinions jaillit la vérité” – Truth arises from a conflict of opinions.]   With the deepening crisis of the world capitalist system, we[Read More...]

Will Sri Lanka recover from its massive debt crisis?

The massive debt crisis has affected the lives of nearly all classes in the society, specially the poor and middle, in Sri Lanka is not new. The loans given lead to a debt trap which is the root cause of our situation. Sri Lanka’s foreign debt has reached US$ 52 billion and debt servicing last year was six billion dollars[Read More...]

Peaceful Protests for a Revolutionary Change in Sri Lanka

Sri Lankans had been protesting for months over the country’s economic crisis that has led to a severe shortage of many essential imported items like medicines, fuel and cooking gas. Wickremesinghe’s predecessor Gotabaya Rajapaksa fled the country after protesters stormed his official residence and occupied many key state buildings including the president’s office and prime minister’s office and official residence.[Read More...]

As the State collapses in Sri Lanka, citizens fill the vacuum

Sri Lanka’s unprecedented economic and political crisis has created new kinds of solidarities among citizens, as they try and help each other ride through fuel and food shortages in the absence of assistance or information from the government. Take the fuel queues that stretch for a kilometer or more outside petrol pumps in every direction, for example. Vehicles have to[Read More...]

Revolt in Sri Lanka: Does A Seismic Struggle Guarantee System Change?

To quote Ahilan Kadirgamar, a political economist at the University of Jaffna, Sri Lanka, the uprising is “a revolt and not yet a revolution, because it doesn’t want to change fundamental social relations… or property relations.”1 As was the case with the massive upheaval in Egypt in 2011 (https://multiracialunity.org/2021/02/24/revolt-in-india-does-a-seismic-…,

Endless wait for petrol turns life upside down for Sri Lankans

People following the 2022 Sri Lanka political-economy crisis will be able to decipher that the two are closely linked. Political eruptions in Sri Lanka since April have usually followed intense periods of economic shortages. In March there were crippling 12-hour power cuts, resulting in small demonstrations that culminated on 9 April when thousands gathered at the Galle Face Greens. This[Read More...]

Gotabaya Rajapaksa Expected To Return, Says Official

Sri Lanka’s former president Gotabaya Rajapaksa is expected to return to the country from Singapore, a Sri Lankan lawmaker says. Cabinet spokesperson Bandula Gunawardena told reporters on Tuesday that G Rajapaksa was not in hiding but the date of his return was not known. The former president fled Sri Lanka after mass unrest over an economic crisis. Many protesters say[Read More...]

Burning Questions of the Sri Lankan People’s Movement: What is to be Done?  

(This article is based on a talk delivered at the online session organised by International Solidarity with the People’s Movement in Sri Lanka on a 23.07.2022) The people’s movement in Sri Lanka has entered into a deadlock with the ‘(s)election’ of Ranil Wickremesinghe as President. Within hours of him assuming office, a mid-night crackdown on the Galle Face protest camp[Read More...]

The Elephant in the Room: Geopolitics and the ‘Great Reset’ in Sri Lanka

“But to watch cricket, there has to be a country left for us to watch it in, no?” A fan at the Galle Test Match that ended with an innings victory for Sri Lanka. July 11, 2022 Spirits were high on July 11 when the Sri Lankan cricket team beat the visiting Aussies by an innings even though the country[Read More...]