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Sri Lanka to pick losers as omniscient elites drive interventionism to extremes: Bellwether


By Bellwether
By Bellwether
Friday July 30, 2021
7:28 am
ECONOMYNEXT – Many countries have tried to pick-winners decided by a self-style omniscient politico-bureaucratic elite with fiscal policies to support them but Sri Lanka is taking interventionism to new levels to week out ‘undesirables’ with penal taxes.
Sri Lanka’s fascination with the instruments of compulsion and coercion seems to have no end.
To what extent the rote-learning education system, a centralized syllabus which brainwashes young children with vicious nationalism and discourage critical thinking, make the population susceptible to interventionism and violence is not known.
Picking Winners
Sri Lanka’s central bank in its 2021 report advocated the standard ‘picking winners’ ideology, promoted by all-knowing interventionists who think they know better than businessmen who risk their own money in a venture. ....

Sri Lanka , United States , United Kingdom , Raul Prebisch , National Export Strategy , Presidential Task Force Of Economic Revival , Presidential Task Force , Economic Revival , Poverty Alleviation , Latin America Style , Policy Fails , Extreme Regime , Soviet Gosplans , Eastern Europe , ஸ்ரீ லங்கா , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , தேசிய ஏற்றுமதி மூலோபாயம் , ப்ரெஸிடெந்ஶியல் பணி படை ஆஃப் பொருளாதார மறுமலர்ச்சி , ப்ரெஸிடெந்ஶியல் பணி படை , பொருளாதார மறுமலர்ச்சி , பாவர்டீ ஒழிப்பு , லத்தீன் அமெரிக்கா நடை , கிழக்கு யூரோப் ,