The Western media accuses #China of luring us into a debt trap. #TuckerCarlson says environmental, social and corporate governance programs killed us. Everybody blames the #Rajapaksas, the corrupt political dynasty that ruled us until massive protests by angry Sri Lankans chased them out last month.
But from where I’m standing, ultimate blame lies with the Western-dominated neoliberal system that keeps developing countries in a form of debt-fueled #colonization. The system is in crisis, its shaky foundations exposed by the tumbling dominoes of the #Ukraine #war, resulting in food and fuel #scarcity, the #pandemic and looming insolvency and #hunger rippling across the world.

https://www.nytimes.com/2022/08/15/opinion/international-world/sri-lanka-economic-collapse.html #srilanka #economy #crisis #imf #pakistan #bangladesh #tunisia #ghana #southafrica #brazil #argentina #sudan #uk #usa #russia #india #oil #energy