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That's an excellent point, and one I hadn't really internalized. Thank you.
by kragen 1y ago
That's an excellent point, and one I hadn't really internalized. Thank you.
- Gibbon1 1y agoInstructive to read up on the 2022 Sri Lanka protests. https://en.wikipedia.org/wiki/2022_Sri_Lankan_protests https://en.wikipedia.org/wiki/2022_Sri_Lankan_protests Debt crisis and sharp spikes in fuel and oil costs resulted in shortages of both. Also shortages of fertilizer. Which resulted in shortages of food. If I was a Sri Lankan politician I wouldn't want a repeat of that.
- nradov 1y agoThe Sri Lankan politicians like "Mr. 10%" were largely in it for the gift. The debt crisis could have been prevented if they followed IMF recommendations in the first place.