Showing posts with label democracy. Show all posts
Showing posts with label democracy. Show all posts

Sri Lanka plays hardball with IMF

Sri Lanka will not accept any conditions on a loan from the International Monetary Fund (IMF), the island's president has said.

"We will not pawn or sell our motherland to obtain any monetary aid," said Mahinda Rajapaksa.

The Sri Lankan government is in talks with the IMF about a $1.9bn (£1.4bn) loan to help combat the economic downturn and pay for reconstruction.

The IMF usually insists on conditions for any emergency loans.

No forced measures

These involve taking steps such as cutting public spending or raising interest rates.

But Sri Lanka has made it clear.... (more at BBC)


Hmmm.. no  I have not got many thoughts there. As of late the West seems to have simpered a bit to the war efforts and have indicated a lot more support than they used to. With Hillary Clinton's call to the president and her supposed 'support extended with regard to the 'humanitarian improvements' and the elimination of terrorism etc. I still have the Derana News Alert on my phone.

Except she didn't. Well she did call him but internet news reports seem to deny the fact that she had anything good to say, while some others agree a little more with the Temple Trees version of the tale. This phone conversation and what was really said and implied could play a big role on our future relations with the West and entities such as the IMF and World Bank.

SL is very much an import dependent economy for many of its basic essentials and therefore foreign help in terms of loans, exports tariffs, trade deals etc are essential to its survival. And these rarely come completely devoid of conditions. It seems in a polarized world, the only way to maintain true independence is to have a completely closed economy or be the strongest player around. Since we're nothing of either, it looks as if we will have to go through some changes based on the whims of others soon enough.

But obviously, the government will not make it look like they were 'conditions' when they implement them in the economy oh no. And since we seem to have pretty much of a dormant opposition it looks like the real news of what is going to happen in the in the future may not be too clear till months later. By which time it'll be too late to do anything about it. Not that anything much could be done about it anyway. But at least we'll know.

Democracy; Losing the Illusion

Whoever said that democracy was the fairest way to rule a country i think has been proven wrong again and again and again so many times over that we really need re-look at the whole concept of it and see if we really have stumbled upon the best base for governance known by man.

First of all, look at all the corruption and failures that stem from democratic states. Look at all the people killed under the guises of various little conflicts here and there. Holocausts attract the most attention while other deaths that occur in the mere thousands go un-avenged.

America just got a little more lenient on Cuba. They lifted a few travel restrictions and allowed Cuban - Americans to send more money home. This was opposed by two Cuban American Senators who later 'changed their votes after receiving assurances from the Obama administration that the changes did not amount to a major reversal of the 47-year-old US trade embargo on Cuba.' According to the BBC report

President Obama who is in support of the bill has however said 'that like previous American presidents, he will only consider a full lifting of the embargo once Cuba's communist government makes significant moves such as the holding (of) democratic elections.'

I mean isn't that just characteristic of the United States trying impose is beliefs and influence across the world? Cuba seems to have worked fine as a country so far. And the fact that they are not 'democratic' per se does not seem to have affected the quality of life in Cuba in a detrimental way.

As a matter of fact, the Cuban people as a whole are probably made much better off as a result of the Revolution and equality seems to have improved a great deal.

Anyway, democracy as we know it today is but a mere illusion. People think they have the 'right' and 'power' to vote in any one of their choice but what they do not realize is that that 'choice' is severely restricted and manipulated by huge infrastructures like party systems, rules and regulations for running for office, massive barriers to entry that prevent anyone from running for office etc.

For e.g. even over here in SL. you can’t really run for office unless you have some sort of power/influence etc. So an ordinary Joe or Siripala who wants to be heard and is genuinely convinced that he can help the country and make life better for people will never rise to power because the very people whose help he needs to even dream of an influential position in government will have conflicting interests to him and will want to preserve the status quo (which he may want to rearrange.)

So democracy is an illusion, it is just oppression with another name. And in this day and age, democracy does not really have to be what it is..We can use technology in so many other ways to make it better, if only a bit of interest was shown by those in power. But since obviously that will mean a push towards the decentralization of that same power, they obviously wouldn’t do it. But more on that later.