Economist Podcasts Gota the trouble: Sri Lanka’s crises
Apr 8, 2022
Lena Schipper, an expert on South Asia for The Economist, dissects Sri Lanka's dire economic crisis driven by President Gotabaya Rajapaksa's mismanagement. She highlights the rampant inflation and essential shortages that have sparked widespread protests and political upheaval. The discussion also shifts to life under Russian occupation in Kherson, sharing harrowing personal accounts of struggle and resilience. Additionally, the podcast explores the cultural significance of Awamori, a traditional Okinawan spirit facing modern challenges.
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Gota's Rise and Fall
- Gotabaya Rajapaksa won the 2019 presidential election by a large margin, consolidating power by filling the government with family and allies.
- His popularity has declined due to the economic crisis, with protests demanding his resignation.
Sri Lanka's Economic Crisis
- Sri Lanka's economic crisis is a result of long-term imbalances, external shocks, and government mismanagement.
- Heavy borrowing, tax cuts, and the pandemic's impact on tourism exacerbated the issues.
Life in Occupied Kherson
- Andriy, a Kherson resident, describes life under Russian occupation, including food shortages and propaganda.
- Russian troops distributed supplies for propaganda footage, which was later revealed to be from a different city.