Comments by "Persona" (@ArawnOfAnnwn) on "The Economic Crisis in Sri Lanka" video.

@rajeshganesan1968 As the video mentions Sri Lanka owes only about 10% of its debt to China, and much of that is long term debt that isn't even due for a while. Most of your debt woes have nothing to do with China, it's owed to the commercial market whose debts are also much more short term. But those people aren't easy to point fingers at, since they're essentially just a bunch of faceless investment funds all over the globe rather than one clearly identifiable bad guy.
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@adolfolerito6744 Sri Lanka owes only about 10% of its debt to China, and much of that is long term debt that isn't even due for a while. 'Debt Trap Diplomacy' has been studied and debunked already. You can look up the How China Lends report about it, or the study by the Rhodium Group, or even just check out Polymatters' video here on YT about it. None of these are Chinese btw. It's literally been called a 'meme' by one of the researchers, after studying hundreds of loan agreements and how they turned out over the last two decades. If you want to bring up Africa, look up Gyude Moore's talk on China, again here on YT.
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Meanwhile here in India we just privatized and sold Air India after similarly failing to run it profitably as a public enterprise. Hopefully you guys do the same after this crisis passes. It's embarrassing but ultimately for the best.
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@anuradhapriyankara5226 Air India had loads of debt as well. In order to privatize it, the govt. essentially split it up, akin to the 'toxic assets' funds created in the US following the GFC, by taking on some of its debt and land to be slowly paid off over time by the state, while the rest along with the airline was sold to the Tata Group. This is basically splitting the problem up, in order to make it more attractive to private investors. That's why I said you should do this after the immediate crisis is sorted out.
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@adolfolerito6744 Sri Lanka owes only about 10% of its debt to China, and much of that is long term debt that isn't even due for a while. 'Debt Trap Diplomacy' has been studied and debunked already. You can look up the How China Lends report about it, or the study by the Rhodium Group, or even just check out Polymatters' video here on YT about it. None of these are Chinese btw. It's literally been called a 'meme' by one of the researchers, after studying hundreds of loan agreements and how they turned out over the last two decades. If you want to bring up Africa, look up Gyude Moore's talk on China, again here on YT.
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@mars-cs4uk How does starving even more people constitute 'justice'? India has extended a $1.5 billion credit line to Sri Lanka for the moment, and I support that. An eye for an eye, as Gandhi said, only makes the whole world blind.
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@mars-cs4uk There are many forms of democracy. Ironically the most undemocratic democracy going by your argument was the original Athenian one. Democracy has always been a spectrum, not a binary. Also the military isn't a part of its definition. And finally as the other guy said, there are some Tamilians and Muslims in their military.
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