Green Policies by Green Elites Are the Path to Economic Ruin

Sri Lanka was meant to be the poster nation for the World Economic Forum (WEF). It was to be the nation that adopted the Green Deal policies and went on to become wealthy, as a result. In August 2018, Ranil Wickremesinghe, the Prime Minister of Sri Lanka, penned this article This is how I will make my country rich by 2025. It was published on the WEF website. The following month, he was one of the participants at this WEF meeting in Hanoi, Vietnam: ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution .

In his ambition to make Sri Lanka the world’s first to fully adopt organic agriculture, President Gotabaya Rajapaksa banned all synthetic fertilisers and pesticides. This resulted in a steep decline in agricultural output. By the time he agreed that the move to organics was a mistake, it was too late. The foreign exchange crisis was an additional problem; the government was unable to pay for essential imports. There were also shortages and cuts in electricity supply.

By following the plan that is flogged by the green movement with its Environmental, Social and Governance criteria, Sri Lanka has achieved a near perfect ESG score of 98. But this feat has not been translated into wealth and stability for the country. Instead, the country is now in a state of economic contraction and anarchy. Last week, President Rajapaksa fled the country to Maldives, and then travelled on to Singapore, where he resigned his presidency via email.

A self-sufficient nation has now collapsed. Millions are struggling to buy the basics – food, medicines, fuel.

In this video, Dagogo Altraide provides a quick background into Sri Lankan politics and the current situation in the country.

How One Powerful Family Destroyed A Country

Outlining the present crisis, Beth Whitehead says in her article:

The fuel has run out in Sri Lanka, with tuk-tuk drivers being forced to wait for days just to fill their eight-liter tanks. Power blackouts are a daily occurrence. The inflation rate in Sri Lanka reached a whopping 54.6 percent in June, and the growing cost of food, clothing, transportation, and electricity — some of which are three times the normal price — has tanked the value of the rupee. Being an island country, catching fresh fish instead of buying food would be a relief, but there’s no diesel to go out to sea to fish for them.

Does this matter to us here in Australia? Is it merely an issue for countries in the developing world? Should we sign up to these Green Deals that are being promoted by climate alarmists and global tyrants?

We are seeing similar stories of green climate policies proving a disaster in western nations, too. Canada, Germany, the Netherlands and other European countries are protesting against these schemes that are affecting the livelihoods of working people. In his Opinion column Government’s green dreams could leave us all in the dark, James Morrow adds this reminder:

Yet this belief that somehow Australia is different and immune from these trends is naive in the extreme.

While there are plenty of differences between Australia and the Netherlands or Germany or Sri Lanka, or other nations like Canada which have also been rocked by protests against elites who have tried to achieve their own lofty goals off the back of the working class, there are plenty of similarities too.

Additional References:

1. Green Dogma Behind Fall Of Sri Lanka

2. Sri Lanka Economy to Contract by More Than 6% in 2022

3. Sri Lanka riots & worldwide protests

4. Which countries are going the Sri Lanka way?