| | On July 9, 2022 hungry protesters stormed the presidential palace.<ref>https://youtu.be/TBgDyA7kT4Y</ref> Sri Lankan journalist Indrajit Samarajiva, writing an article in the ''New York Times'' entitled ''Sri Lanka Collapsed First, But It Won’t Be The Last”'', observed: | | On July 9, 2022 hungry protesters stormed the presidential palace.<ref>https://youtu.be/TBgDyA7kT4Y</ref> Sri Lankan journalist Indrajit Samarajiva, writing an article in the ''New York Times'' entitled ''Sri Lanka Collapsed First, But It Won’t Be The Last”'', observed: |
| | {{quotebox-float|"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. Sri Lanka is Exhibit A. We were once an economic hope, with an educated population and a median income among the highest in South Asia. But it was an illusion. After 450 years of [[colonialism]], 40 years of [[neoliberalism]], and four years of total failure by our politicians, Sri Lanka and its people have been beggared. Former President Gotabaya Rajapaksa deepened our debt problems, but the economy has been structurally unsound across administrations. We simply import too much, export too little and cover the difference with [[debt]]. This unsustainable economy was always going to collapse. But we are just the canary in the coal mine. The entire world is plugged into this failing system and the pain will be widespread."<ref>https://www.lankaweb.com/news/items/2022/08/15/sri-lanka-collapsed-first-but-it-wont-be-the-last/</ref>}} | | {{quotebox-float|"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. Sri Lanka is Exhibit A. We were once an economic hope, with an educated population and a median income among the highest in South Asia. But it was an illusion. After 450 years of [[colonialism]], 40 years of [[neoliberalism]], and four years of total failure by our politicians, Sri Lanka and its people have been beggared. Former President Gotabaya Rajapaksa deepened our debt problems, but the economy has been structurally unsound across administrations. We simply import too much, export too little and cover the difference with [[debt]]. This unsustainable economy was always going to collapse. But we are just the canary in the coal mine. The entire world is plugged into this failing system and the pain will be widespread."<ref>https://www.lankaweb.com/news/items/2022/08/15/sri-lanka-collapsed-first-but-it-wont-be-the-last/</ref>}} |