Sri Lanka is in Crisis: Here's Why

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  • Опубликовано: 28 июл 2022
  • Sri Lanka is in full crisis. Many people are saying it is the first of many economically failed nations in the years to come. Why is this crisis happening? Is it a recent phenomenon or is there something about Sri Lanka that made this total collapse inevitable.
    #h0ser #srilanka

Комментарии • 1,1 тыс.

  • @SHAHIDKC
    @SHAHIDKC Год назад +5938

    As a Bangladeshi I understood how terrible the situation in Sri Lanka is when I realized the fact that they were bailed out by Bangladesh

    • @nathanseper8738
      @nathanseper8738 Год назад +326

      Man, that must really hurt!

    • @EnderGrad
      @EnderGrad Год назад +244

      Wait what? We are bailing them? (And yes, I said we because I'm a Bangladeshi aswell)

    • @Haxerous
      @Haxerous Год назад +386

      @@EnderGrad IIRC Bangladesh sent like 200 million USD as aid. It's wild.

    • @Unc3
      @Unc3 Год назад +398

      @@Haxerous Bangladesh isnt doing too well either, where did they get that kind of money TO AIDE ANOTHER COUNTRY??

    • @Haxerous
      @Haxerous Год назад +55

      @@Unc3 Idk lol. I am not from Bangladesh.

  • @Shaggytheking
    @Shaggytheking Год назад +2380

    Damn.. you somehow made this even more depressing than actually living in Sri Lanka 😐

    • @chamilajla
      @chamilajla Год назад +35

      Seriously

    • @zBLACKERzX
      @zBLACKERzX Год назад +15

      lmfao true XD

    • @republicadominicana8589
      @republicadominicana8589 Год назад +25

      same standard in dominican Republic

    • @Komotau4691
      @Komotau4691 Год назад

      @weeny noodle Government forced people and tourists by violence to follow plandemic restrictions and whole country face a economic disaster. Whole c19 was a plot to control people and economic.

    • @Spammul
      @Spammul Год назад +3

      Agree

  • @b3as_t
    @b3as_t Год назад +823

    As a Sri Lankan; In simple terms, the government took money in the form of loans from other countries. Used them to live a lavish life, and destroyed the Sri Lankan Rupee little by little. This same cycle has been running since Ranil's relative took precedency around 1978/9.

    • @ArnavAcharyaTech
      @ArnavAcharyaTech Год назад +11

      **1978*_

    • @souvikrc4499
      @souvikrc4499 Год назад +17

      And then the Rajapaskas took that corruption to new heights.

    • @icetrip2417
      @icetrip2417 Год назад +11

      Same in Zimbabwe we just haven't collapsed yet but we heading that road

    • @azz5792
      @azz5792 Год назад +9

      Sri Lankan people also contributed to the collapse by choosing rajpakshas

    • @chengizkhan8741
      @chengizkhan8741 Год назад +1

      @@azz5792 They are not rajapakshas they are raja-Rakshas. Meaning Raja-King, Monster - Rakshas.

  • @bee-fs3vb
    @bee-fs3vb Год назад +1475

    It's very sad to see what's going on in Sri Lanka, and I'm very worried that the same will happen to my country aswell (nepal), I pray for all my fellow Sri Lankans 🙏

    • @YoungOddo
      @YoungOddo Год назад

      @An very person so true they are bunch of drunks they cant vote, we need monarchs

    • @reddragon100
      @reddragon100 Год назад +66

      @An very person bro, technically last president and prime minister of sri lanka were monarchs in a way

    • @huebuckle8198
      @huebuckle8198 Год назад +1

      Pagan Min would like to know your location

    • @samriddhamallathakuri2297
      @samriddhamallathakuri2297 Год назад +5

      I am Nepali too

    • @quempire2656
      @quempire2656 Год назад +29

      DONT GET RID OF THE FLAG

  • @GoodieMartin
    @GoodieMartin Год назад +805

    The only option left for Sri Lanka is to get massively bailed out by international institutions with dollars and introducing very restrictive reforms (higher taxes, less public spending). We might even see Siri Lanka paying for oil or whatever they need with tea or whatever they produce instead of dollars. Anyway this surely won't be liked by the people but at the current situation it's the only option, add to that the risk of next civil wars and many years of 0 tourists who won't travel to such unstable country. The other possibility might be China bailing them out for allowing to operate military port or maybe even India, who knows.

    • @reddragon100
      @reddragon100 Год назад +72

      India already provided them more than 4 billion dollar of credit since last 3 month as well as Bangladesh which give a 500 million dollar credit line, 2 month ago

    • @Chepicoro
      @Chepicoro Год назад +69

      Maybe exporting poor people in order to get hard currency??
      In Mexico the authorities openly expressed that idea, in the words of Vicente Fox mexican president from 2000-2006 "to send people to do the work not even blacks want to do" what a nice person.

    • @anorangecarrot3312
      @anorangecarrot3312 Год назад +4

      Siri Lanka

    • @GoodieMartin
      @GoodieMartin Год назад +5

      @@anorangecarrot3312 Oh yeah, a little mistake :)

    • @canaldecasta
      @canaldecasta Год назад +9

      @@Chepicoro Ah. Buenos tiempos.

  • @chamathamara
    @chamathamara Год назад +659

    Just to add a few details about the civil war
    There are two types of Tamil ethnicities in Sri Lanka: 1) native Tamils and 2) Indian Tamils. Native Tamils live mostly in northern and easter regions of Sri Lanka, while Indian Tamils live in central regions of Sri Lanka where tea plantations are located. The secessionist movement was mostly carried out by groups related to native Tamils, but both ethnicities were facing discrimination in the second half of the 20th century.
    After the independence, there was a rivalry between Sinhalese and Tamil political groups. The legislature (parliament) was dominated by Sinhalese, and Tamils requested more representation in the parliament. In 1956, a right-wing Sinhalese party got elected and passed the "Sinhala Only" act that made the Sinhalese language the official language, replacing English, which is the 'bridge' language. Overnight, the government conducted activities in Sinhalese, and many Tamils serving in the government lost jobs. Tamils and Tamil political parties opposed this act. Multiple riots broke out during the late 1950s, but leaders of both ethnicities failed to reach a solution, and the discrimination didn't stop. Two decades later, various Tamil groups started arming themselves with the aim of creating a separate state in the northern and eastern regions.
    There were multiple skirmishes between separatist groups and Sri Lanka defense forces. But things got worst. in July 1983 when an ambush on an army convoy killed 13 personnel. These soldiers were brought to Colombo, and Sinhalese mobs started attacking Tamils and their businesses. Many Tamils migrated to countries like Canada and United States. With this incident, there were more clashes between separatist groups and government forces, starting the Sri Lankan Civil War.

    • @Sinhala_buddhist-3934
      @Sinhala_buddhist-3934 Год назад +18

      Your information is fully cotrect. I'm a Telugu. But I think that both Tamils and Sinhalese Buddhists can't get along even now.

    • @tishanchamoditha9033
      @tishanchamoditha9033 Год назад +27

      @@Sinhala_buddhist-3934 no,we both are getting along because of the crisis now we got an bigger problem

    • @Sinhala_buddhist-3934
      @Sinhala_buddhist-3934 Год назад +10

      The whole world knows what's happening in Sri Lanka and Myanmar.

    • @zBLACKERzX
      @zBLACKERzX Год назад +6

      **FEW**💀

    • @Komotau4691
      @Komotau4691 Год назад +1

      Thanks about info about this problem. I didnt knew.

  • @lucianoosorio5942
    @lucianoosorio5942 Год назад +560

    Sri Lanka was like this person who had everything but had a terrible childhood. It was having flashbacks then later went to drink. It became an alcoholic and spent it’s money and time in bars. Things were becoming worse like the person’s wife getting a divorce, the kids leaving with the wife and etc. He lives in the streets broke and now addicted to drugs. Tell me what Sri Lanka is in your opinions. This is a comparison. Edit: Pls don’t get offended.

    • @lucianoosorio5942
      @lucianoosorio5942 Год назад +36

      @An very person oh that’s a good one. Forget about it lol

    • @rutvikrs
      @rutvikrs Год назад +57

      Sri Lanka is the guy who obsessively borrowed 10+% on top of thier salary to invest into lifestyle (gaming hdi metrics like healthcare and education). They lost thier job during pandemic(tourism). Now people blame the home loan(Xina's infrastructure) or ceo who caused the global crisis(Putin) or preferential treatment of family members( Indian liberals blaming Sinhalese nationalism) or one family member(Rajapaksa family) depending on your (political) inclination.
      PS: I am an economist. Xinese loans are expensive but they are not the root of the crisis, people conveniently forget the multiple IMF bailouts, this will be the 17th bailout if successful. It's like blaming the last store rather alcoholism.

    • @rutvikrs
      @rutvikrs Год назад +5

      @@Wuuujihh part of it, not the causal link. Like I said, will you blame the last store, frustrating client, the boss at work if an alcoholic relapses? They all played a part in the relapse, but they were not causal links.

    • @rutvikrs
      @rutvikrs Год назад +5

      @@TheStickman419 the result would have been the same if they had chosen to maintain the tax base. It was a desparate bet.

    • @maxlostchild7187
      @maxlostchild7187 Год назад +6

      no no. This is EXACTLY what my country is like.

  • @oddiethefox5832
    @oddiethefox5832 Год назад +611

    I know it's been said before but I really enjoy how your portray the country flags as their national animal. Very unique and I love animals and it's interesting to see what animals are a country's national animal

    • @wailmerpail
      @wailmerpail Год назад +29

      Sri Lanka's national animal is the Elephant

    • @oddiethefox5832
      @oddiethefox5832 Год назад +10

      @@wailmerpail why is he portraying a different animal then?

    • @wailmerpail
      @wailmerpail Год назад +25

      @@oddiethefox5832 idk? ask him instead

    • @reddragon100
      @reddragon100 Год назад +90

      for many country, portary animal is different from national animal.
      For example- India's national animal is royal Bengal tiger not Indian elephant.

    • @trooper467
      @trooper467 Год назад +77

      @@reddragon100 Exactly! Like the American national animal is the bald eagle, but we’re portrayed as a bison

  • @ori8671
    @ori8671 Год назад +52

    I lived in Sri Lanka from February of 2017 to November of 2019. While I was in the country I loved it and i miss it dearly. It makes me sad to see what has happened to it as I still have friends living in the country. I hope to return one day but unfortunatly that doesn't seem to be any time soon.

    • @thavishagunaratne7415
      @thavishagunaratne7415 7 месяцев назад +6

      Nah you can go. Foreigners still have enough buying power. Plus tourism would really help 😊

  • @armandeepsingh1843
    @armandeepsingh1843 Год назад +223

    In indian subcontinent every country except india and Bhutan are facing a shortage of foreign exchange reserves
    Indian foreign exchange reserve has also declined from 640 billion dollars to 570 billion dollars and it is still decreasing

    • @hdhdhadn8356
      @hdhdhadn8356 Год назад +33

      India will manage since thy3 mostly need foreign reserves for mostly energy where Russia is providing them with a discount. However thye are rumors that Russia might back out thr deal since their strongest partner china will be antagonised

    • @am72678
      @am72678 Год назад +30

      @@hdhdhadn8356 i mean china already turned their back on Russia when sanctions were being thrown at them, so i find it unlikely Russia will back out of oil deals with India

    • @hdhdhadn8356
      @hdhdhadn8356 Год назад +35

      @@am72678 yeah, I may not be an Indian but I'm glad oil isn't a problem for the Indians living there. Considering they make up 12% of the world's population

    • @williamthebonquerer9181
      @williamthebonquerer9181 Год назад +6

      @@hdhdhadn8356 only 2% of Russia's oil and gas goes to China, China and Russia aren't very strong partners China isn't giving millitary aid to Russia so why would Russia not sell to India

    • @hdhdhadn8356
      @hdhdhadn8356 Год назад +12

      @@williamthebonquerer9181 they will. But it might not past for long. You see russia has already been building pipes to transfer gas to China. Meaning in the future russia's biggest exporter of gas will be China. To satify China in the future once Europe barely buys gas and oil from them and China becomes the main exporter China might use its influence to make russia isolate or reduce the relationship with India. Kinda like with economic sanctions by the west after Ukraine war. There are people assuming that possibility including some economic channels. However, it's still not known

  • @PakBallandSami
    @PakBallandSami Год назад +330

    “Today I prayed for Boston, for America, my home away from home. Today, I realized how lucky we Sri Lankans are to have peace in our country. How I feel today, hearing of the bombs going off in the city brings back memories of how I used to feel four years ago in Sri Lanka when the LTTE was setting off bombs all around Colombo”
    ― Thisuri Wanniarachchi

  • @doflamingo1360
    @doflamingo1360 Год назад +87

    Small countries that rely on import usually strengthened their economy on two particular thing: manufacturing of goods that require special experise (f.e: Liechstenstein produce false teeth and Taiwan produce chips and electronic supplies) or banking (Hong Kong, Singapore, Bahamas, Panama). Small countries that dont have any other strong sector besides tourism can easily die when tourism is fucked. However people always need good and people always need place to keep the money
    However the ongoing wars obviously make foreign investors reluctant to trust their money in Sri Lanka. If only back then people could realize early that they ought be united and not to consider themselves as more superior than others, Sri Lanka could have been rich by now

    • @nunyabiznes33
      @nunyabiznes33 Год назад +13

      The coof effects on tourism basically started all this problem in Sri Lanka but it's really only a matter of time with all the mismanagement. Imagine just suddenly banning the import of fertilizers coz you wanna go "green" without first having a study to show how much your farm output would fall.

    • @theboxygenie
      @theboxygenie Год назад

      What's "f.e."?

    • @Pedro14ceara
      @Pedro14ceara Год назад

      Do you know where I can find more examples? Lichtenstein producing fake teeth is really cool

    • @jacksonconstable8331
      @jacksonconstable8331 Год назад

      @@Pedro14ceara completely unrelated as australia is an exporting country but we invented and manufacture most of the worlds cochlear ear implants.

    • @lzh4950
      @lzh4950 25 дней назад

      Singapore is also a significant regional oil refiner & producer of oil rigs, & long marketed itself as ideal location for MNCs to set up Asian HQs. Some have worried though that the country might've tried to diversify its economy too much & end up being a Jack of all trades e.g. it might've loosened regulations for private universities & IPOs (to attract more of them) too much & the last 20 yrs might've thus as a result witnessed some universities abruptly closing & taking their students' money away with them, & some listed companies prosecuted for various reasons e.g. China Aviation Oil

  • @realist8208
    @realist8208 Год назад +73

    Excellent analysis. I have a friend from Sr Lanka and have been following the development. One of the key reasons you do not touch upon is corruption. I learnt that many in the government and at important positions were manned by one family ! Very sad. Hopefully, they find better people to govern and the West can extend a helping hand

    • @Tommy9834
      @Tommy9834 Год назад +7

      You can often assume that corruption is abound when a country falls this hard. And also, you want to be careful with trying to point everything bad to corruption, cause that gives the false sense that "if we replace our current figurehead, everything will be fixed"
      Not saying corruption isn't an issue, just got to realize, it's bad actions that causes disasters, and those bad actions can be committed by an uncorrupt person, just as easily by a corrupt person.

  • @BlueflameKing1
    @BlueflameKing1 Год назад +40

    Another contributing factor is the fact that the political leadership was a corrupt family that pretty much had control of the government and led to this. They are the reason for at least the economic issues.

  • @manofculture4249
    @manofculture4249 Год назад +59

    President Gotabaya? More like President Gotabaya new house in Singapore.

    • @arrogleinadtra
      @arrogleinadtra Месяц назад +2

      Good joke bro 🤣

    • @Karlach_
      @Karlach_ 12 дней назад

      This made me sad laugh. It's so true.

  • @hi_tech_reptiles
    @hi_tech_reptiles Год назад +14

    I follow some Sri Lankan Buddhists. Beautiful country. I pray the country finds peace at the least, the history and culture is so magnificent. One of the only Bodhi trees from the original is there.

  • @PakBallandSami
    @PakBallandSami Год назад +180

    “In Sri Lanka curiosity was not a trait encouraged among children, particularly in girls, because those in power- often males, but anyone older, or of higher caste, education or influence- were always right and their reasons needn't be explained or understood to the subordinate.”
    ― Niromi de Soyza

    • @boblol1465
      @boblol1465 Год назад +7

      definitely not a flawed system gaming

    • @mewmimo8465
      @mewmimo8465 Год назад +4

      Buddhism has caste?

    • @shevankaseneviratne1724
      @shevankaseneviratne1724 Год назад +4

      @@mewmimo8465 In the sri lankan brand it has i think.

    • @slingshot99
      @slingshot99 Год назад +14

      @@mewmimo8465 It doesn't. It's residual influence from South Indian cultures .

    • @geograexperts1554
      @geograexperts1554 Год назад +2

      True since 2000 BC, and true till 2022 ad

  • @thecitizen8666
    @thecitizen8666 Год назад +40

    I am excited to hear your take on this topic, mate! Keep it up!

  • @jaybee4577
    @jaybee4577 Год назад +127

    This coming decades will be interesting. Many countries are going to collapse while some will hold. Countries that are have a strong agricultural economy, that can access input like fertilizer, oil, natural gas and any form of energy to power their economies should be able to hold.

    • @hallavan
      @hallavan Год назад +7

      "The state is a heaven when there is law but a hell when there is no law"

    • @destyon9966
      @destyon9966 Год назад +1

      Hope Bangladesh survives

    • @GeraltofRivia22
      @GeraltofRivia22 Год назад +2

      So places like Russia

    • @willevensen7130
      @willevensen7130 Год назад

      @@GeraltofRivia22 The major powers will most likely hold out. USA, Russia, China

    • @isaiahgarcia7456
      @isaiahgarcia7456 Год назад +2

      You still need people to work those fields and considering Russia is gonna have a absolutely crippling population imbalance in the future (simular to china) it’s gonna be difficult for them to be self sufficient.
      At least all the old people will die early dude to liver damage via chronic alcohol consumption?

  • @BillyBob64420
    @BillyBob64420 Год назад +42

    As a Canadian who's parents and grandparents were from Tamil Sri Lanka, I think they're doomed. With lack of food and the pandemic, they may not be able to survive. Recently, Sri Lankans traveled to Colombo and flooded the prime minister's house. Swimming in their massive pool, drinking their beer, eating their food, etc. They had to fled the capital. My mom went to Mullaitivu for the summer and she says there is decent living there and protests don't happened. It still means they face trouble and I do hope they recover with peace.

    • @no1reallycaresabout2
      @no1reallycaresabout2 Год назад +9

      It wasnt just Tamils that flooded the PM's house

    • @vg666
      @vg666 Год назад +4

      It wasn't just the "Tamils".

    • @lorenzoeliante6126
      @lorenzoeliante6126 10 месяцев назад

      wrong, us tamils here do not give af.

    • @BillyBob64420
      @BillyBob64420 10 месяцев назад

      @@lorenzoeliante6126 Your part is probably from South India or you just dont want to support the nation in which well... had a bad history. But my part is 70/30. Sometimes my dad just kinda... starts hating them.

    • @LiliamMckrew
      @LiliamMckrew 8 месяцев назад

      The nerve to call yourself Canadian.

  • @Daniel-rh7kh
    @Daniel-rh7kh Год назад +37

    It is a matter of time for many countries in Latin America to follow a not so harsh scenario, but a similar one to Sri Lanka's.

    • @rionthemagnificent2971
      @rionthemagnificent2971 Год назад +7

      Except Venezuela already has gone through it..over and over again.

    • @dawn_alex
      @dawn_alex Месяц назад +1

      ​@@rionthemagnificent2971 I still cant get why the Venezuelans are rich by now. They got biggest oil reserves in the world. They better use it before the demand for oil is gone.

    • @rionthemagnificent2971
      @rionthemagnificent2971 Месяц назад

      @@dawn_alex Corruption and anti-democratic leaders. They were ONCE one of the most wealthy nations in the Americas. Until Scumbags like Chavez took over. in the 1950s-1970s they were a prime economy, they had investors and rich from NA and Europe buying large vacation homes and doing lots business there. Then came the rise of of socialist propaganda which elected anti-democratic, corrupt hyper-populist conmen who mismanaged and printed more money to cover their collective arses.. and its why Venezuela is in the shape its in.

  • @johnpaulcross424
    @johnpaulcross424 Год назад +3

    Excellent breakdown of the history and implications, hope things smooth over soon

  • @dapumpking7202
    @dapumpking7202 Год назад +4

    Thanks for the amazing vid Hoser!

  • @franciselrojo2922
    @franciselrojo2922 Год назад +4

    I'm wondering why it took the algorithm so long to suggest me your channel, but I'm glad it finally did. Subscribed.

  • @isfrom5169
    @isfrom5169 Год назад +29

    Id love to see spanish American war in your style, the flag animals are so cool and creative! Gud vid

  • @vertigq5126
    @vertigq5126 Год назад +6

    This was super interesting, thanks for sharing with us! Keep up the good content man. God bless you :)

  • @jaymcgreat5921
    @jaymcgreat5921 9 месяцев назад +1

    I truly enjoy your content, especially with the videos from a year ago or younger, you finally understood the rhythm and dynamic for talking, and the visuals and jokes get better, this is very solid work

  • @vaccino3359
    @vaccino3359 Год назад +20

    As a Sri Lankan, I can confirm thst Srillion is my favourite number.

    • @innertuber4049
      @innertuber4049 Год назад +1

      What is your experience over there like right now?

    • @ho-leesheet5923
      @ho-leesheet5923 Год назад +1

      Sextrillion

    • @vaccino3359
      @vaccino3359 Год назад +6

      @@innertuber4049 Not that bad. We don't have cars n' shit so no gas needed. We get plenty of money since my dad works in the middle east. The only pain is the power outage schedule tbf. Btw this is for my family. The majority of Sri Lankans can't afford food and have to wait a srillion hours in a queue for gas. So yeah, our family is ok, the others can't hold everything together. But the situation is getting better and the country will probably be back to normal in like a year or so.

    • @vaccino3359
      @vaccino3359 Год назад

      @@zhappy I personally dislike cricket as a Sri Lankan (surprise surprise, south Asian guy dislikes cricket). So I don't really know about it.

    • @SSchithFoo
      @SSchithFoo Год назад

      @@vaccino3359 Cricket is a girls sport bro.

  • @lucaadesigns
    @lucaadesigns Год назад +17

    sri lanka is beautiful and im so sorry for the people there...

  • @davidoneill7554
    @davidoneill7554 Год назад +22

    I know this isn’t an original comment but I really really like how you manage to represent each country by its own cute lil animal

  • @kadircelikYT
    @kadircelikYT Год назад +12

    i wish you put more emphasis on corrupt leaders on the head of state

  • @attemptedunkindness3632
    @attemptedunkindness3632 Год назад +19

    Today I learned that the Grizzled Giant Squirrel of Sri Lanka is a real animal, and they are adorable.

  • @de-nis4703
    @de-nis4703 Год назад +27

    I don't understand how country with so many food growth abilities can be so dependent on food import

    • @ho-leesheet5923
      @ho-leesheet5923 Год назад +17

      Cause they banned fertilizers to be "eco friendly"

    • @user-jt3dw6vv4x
      @user-jt3dw6vv4x Год назад +4

      @@ho-leesheet5923 They lifted the ban after farmers protested

    • @johnwesley111harrison4
      @johnwesley111harrison4 Год назад

      what about organic ones

    • @user-jt3dw6vv4x
      @user-jt3dw6vv4x Год назад

      @@johnwesley111harrison4 Yeah the problem started with that. The government banned chemical fertilisers overnight without any warning and they said they're going to start using organic fertilisers but the ingredients necessary to make them were not imported into the country and so the farmers had nothing. The ban on chemical fertilisers was lifted but chemical fertilisers did not make it to the farmers. The ban destroyed the entire supply chain in the country. It was that and the government's economic mismanagement (like big tax cuts) that caused all of the problems.

    • @ywoisug8845
      @ywoisug8845 Год назад +12

      @@user-jt3dw6vv4xthey were too late tho

  • @vanavoid8869
    @vanavoid8869 Год назад +4

    Your vids are amazing btw

  • @Leaf536
    @Leaf536 Год назад +6

    I'm actually in Sri Lanka right now visiting family and power does indeed go out every now and gas is scarce too so not a lot of traveling is happening

  • @rafaeldcarmo
    @rafaeldcarmo Год назад +89

    I'm worried about it, I hope the situation in Sri Lanka gets better, and I also hope the same not to happen in Latin America, socialists are being elected in so many countries, and some of them are in a high risk to collapse, specially Argentina

    • @Sceptonic
      @Sceptonic Год назад +7

      Argentina post WW1 fell off

    • @oracle372
      @oracle372 Год назад +7

      A socialist Sri Lanka, if it wasn’t a dictatorship, would be better for the time being imo

    • @jaybee4577
      @jaybee4577 Год назад +16

      Firstly, I don’t know why socialism is been mentioned about what happening in Sri Lanka’s crisis. Secondly, The Americas in general are net food and energy exporters/independent so they have little to worry about compared to the rest of the world.

    • @slingshot99
      @slingshot99 Год назад +21

      @@oracle372 Socialist policies since its founding is the major reason why Sri Lanka has been on the verge of collapse for decades.

    • @MrPraveen7796
      @MrPraveen7796 Год назад +10

      @@oracle372 Sri Lanka has always been socialist and that is precisely the problem

  • @go-gogodlike6179
    @go-gogodlike6179 Год назад +3

    Wow, this felt like your hardest vid.

  • @CongiTGBE
    @CongiTGBE Год назад +6

    I love the vids.

  • @davidrodrigueztoro6512
    @davidrodrigueztoro6512 Год назад +1

    Awesome video! Do Colombia next please

  • @amirkavianpour7623
    @amirkavianpour7623 Год назад +1

    Saskatchewan let's gooo
    I knew Hoser was a real one

  • @ah2two
    @ah2two 5 месяцев назад +8

    This aged well, Sri Lanka didn't split and things are getting back to normal

    • @phoneywheeze9959
      @phoneywheeze9959 3 месяца назад +1

      are you from sri lanka? what's it upto?

    • @cratoss.4772
      @cratoss.4772 2 месяца назад +1

      ​@@phoneywheeze9959 Same as it was before, imports are kinda expensive, but that's about the extent of it.

    • @redneck3693
      @redneck3693 Месяц назад

      Things are back to normal😅 more like we're adjusting to the shite conditions

    • @cratoss.4772
      @cratoss.4772 Месяц назад

      @@redneck3693 what's so shite?

  • @PakBallandSami
    @PakBallandSami Год назад +66

    stay strong my brother and sister in Sri Lanka you guys are the best and you have one of the best history an culture and i love learning about you guys pakistan is unfortunate might go through the same thing because of our bad government but i really really hope it dose not and i do think there is hope just stay strong love form pakistani
    🇱🇰 ❤🇵🇰

    • @gocool_2.0
      @gocool_2.0 Год назад +16

      Hey brother. Stay strong. Hope you guys can make out of the crisis. 🇮🇳❤️🇵🇰

    • @PakBallandSami
      @PakBallandSami Год назад +14

      @@gocool_2.0 🇵🇰❤🇮🇳

    • @williamthebonquerer9181
      @williamthebonquerer9181 Год назад +9

      Pakistan pls don't collapse too the housing in my country is already to expensive XD

    • @Exodia.57
      @Exodia.57 Год назад +5

      @@williamthebonquerer9181 holy fuck it's incredible 10 Arabs rent a single house and the greedy owners raise the prices because those mfs can pay any price because they all work

    • @williamthebonquerer9181
      @williamthebonquerer9181 Год назад

      @@Exodia.57 illegal Albania immigrants pay double rent to not get deported smh

  • @YANDERE_DALEK2
    @YANDERE_DALEK2 Год назад +2

    1:43
    Monsoon: Now there's a pretty meme. Exquisite!

  • @peternacken4730
    @peternacken4730 Год назад +9

    One of the better videos I have seen on this topic .. and a good explainer without having to explain the whole Rajapaksa family shenanigans ... While the lockdowns of 2019 & 2020 (and then again 2021, thank you omicron) were already tough, I am happy to have left in August 2021 ...

  • @lescargos51
    @lescargos51 Год назад +9

    You seem to have confused Sri Lankan Tamils with Indian Tamils. Indian Tamils were (and still are) the ones working in tea plantations, and they had nothing to do with the civil war. The civil war was between Sri Lankan Tamils and Sinhalese, and Indian Tamils were hated mostly by Indian Tamils because they were of a lower caste.

  • @timtsai9285
    @timtsai9285 Год назад +16

    I remember going on vacation to Sri Lanka about 5 years ago. It was a beautiful country, with lots of cheap, delicious fruits. Guess I went there at the best possible time

    • @darth_27
      @darth_27 10 месяцев назад +1

      Well now wouldn’t be to bad either the currency is weaker so even cheaper fruits!!! 😭 not good for us though but the country has stabilized now I hope plans for restructuring goes well and voters would elect some people with brains

    • @dinushapathirana6065
      @dinushapathirana6065 4 месяца назад

      It's back to normal now

  • @OctogonOxygen024816
    @OctogonOxygen024816 11 месяцев назад +1

    I love these economic intro memes, please keep the Grade-A content coming! Lmao this is some good content!

  • @spinyslasher6586
    @spinyslasher6586 Год назад +2

    I see you've used Margit's OST from Elden Ring in the background. Underrated track.

  • @justanormalperson473
    @justanormalperson473 Год назад +4

    I appreciate how you use the Arabian oryx for the uae in your latest videos the falcon is overrated will you be making a video about the uae?

  • @lucianoosorio5942
    @lucianoosorio5942 Год назад +9

    1:20 “We didn’t start the fire, it was always burnin since the world’s been turning.” Billy Joel and chorus

  • @MrDivined
    @MrDivined Год назад +1

    I appreciate your little hiphop references sprinked in your videos

  • @raintamer8121
    @raintamer8121 Год назад

    I love how the final advice is just survive, run and dont look back!!!

  • @YoosufMuneer
    @YoosufMuneer Год назад +15

    3:40 What? That's not even the reason for emigration. A significant chunk of Sri Lankans work in the middle east because of better pay and they don't have degrees for the most part. The remainder emigrate to US, UK, NZ, AUS etc for better opportunities. Demographics is not really the reason for that lol.
    9:47 False. Chinese contractors were involved in the development. The President' built an airport in his district probably to gain more support for himself. State-owned enterprises were and still are run inefficiently, employing many people and paying unnecessary bonuses. Energy isn't priced based on market movements, they're fixed.
    10:42 That's also false. The government approached China to bail them out so that they can pay their upcoming ISBs which are just loans from the foreign debt markets.

  • @KFordmusic
    @KFordmusic Год назад +20

    His voice and talking pace really emphasize the bad 😂

    • @Merle1987
      @Merle1987 Год назад +2

      Considering how international RUclips is, he talks really fast. And he has this pressured cadence which is really annoying.

    • @pinkmazohyst
      @pinkmazohyst Год назад +2

      @@Merle1987 He sounds fine to me, like the way regular people talk

    • @no1reallycaresabout2
      @no1reallycaresabout2 Год назад

      Oh wow a country going thru a crisis and he emphasizes the bad? How terrible of him /s

    • @justinwolf7490
      @justinwolf7490 28 дней назад

      The slower he says the word the worse the situation is 😂

  • @user-jt3dw6vv4x
    @user-jt3dw6vv4x Год назад

    One of the best, if not the best, video I have ever seen regarding the collapse of Sri Lanka.

  • @Levitationable
    @Levitationable Год назад

    woah youre so underrated!

  • @kuraraitsibana7673
    @kuraraitsibana7673 Год назад +6

    It was so sad coz Sri Lanka is better country in South Asia in terms of gdp per capita even bigger than Philippines and this was all happen.😢

  • @solonsaturngaming3727
    @solonsaturngaming3727 Год назад +4

    ngl i had a social worker still talk to him he's from Sri Lanka and he told many horror stories and how his family shipped him to Canada for a better life and he still see's them but I Do Hope his family can soon do the same.

  • @sardinepresto6115
    @sardinepresto6115 4 месяца назад

    10:45 "throwing money at problems type attitude", i am definitely going to use this on conversations from now on. concise.

  • @mellon4251
    @mellon4251 3 месяца назад

    I like that these videos always end on an upbeat note 😊

  • @cantasee
    @cantasee Год назад +6

    I didn't even know anything happened in Sri Lanka

  • @lukewunderli4191
    @lukewunderli4191 Год назад +5

    Do a video on Bulgaria

  • @Prosh745
    @Prosh745 Год назад +1

    well, it is sad but it is a learning experience making new possibilities for the country every country has a fall but the country might have a rise again

  • @jdmj707
    @jdmj707 Год назад +2

    I never subscribe to channels that put their ad slots in the middle of the video instead of the end. Just a heads up for you, as I’m likely not the only one

    • @h0ser
      @h0ser  Год назад +4

      It was originally made for the end, and I put it there but they wouldn't allow me to upload it unless it was in the middle and I had already signed the contract saying I would make a video for them. Likely not taking them again as a sponsor (probably shouldn't say that here lol)

  • @cirodatirana5216
    @cirodatirana5216 Год назад +24

    You need to add the source of your information and link in description all the data you used in this video becouse otherwise no one can check if the data are true or false.Thats the difference between speculation and facts

    • @innertuber4049
      @innertuber4049 Год назад +6

      I mean, a quick Wikipedia search verifies much of what he's saying, but I still agree with you

    • @kevinaguilar7541
      @kevinaguilar7541 Год назад +3

      @@innertuber4049 you really shouldn't use Wikipedia as a source for these kinds of things.

    • @innertuber4049
      @innertuber4049 Год назад +9

      @@kevinaguilar7541 Why not? It's cited, and the articles they cited are legit. It's a secondary source, sure, but it at least confirms that this guy isn't just making the whole video up.

    • @kevinaguilar7541
      @kevinaguilar7541 Год назад +2

      @@innertuber4049 true true, but the issue is that anyone can manipulate Wikipedia information. It does get corrected but who knows how long it takes the moderators to do so. That's why you should always fact check Wikipedia by checking its sources.

    • @innertuber4049
      @innertuber4049 Год назад +4

      @@kevinaguilar7541 mhm
      Luckily, like I said, the general storyline he presented is indeed factual

  • @leosailor2514
    @leosailor2514 Год назад +3

    Prayers for Sri Lanka 🙏

  • @derwini7404
    @derwini7404 Год назад

    That MyHeritage plug was seamless

  • @captionlazerray1862
    @captionlazerray1862 Год назад

    Nice vid

  • @samkelo27
    @samkelo27 Год назад +8

    When your import dependent and frequently take out loans it is a disaster waiting to happen, look at South Africa who also likes taking out loans but their exports are still strong even with their bad government

  • @MB-gm6kg
    @MB-gm6kg 5 месяцев назад +3

    I'm glad as a Sri Lankan I was able to escape the country and now am a British citizen. Your ending was really depressing, that basically the country is doomed. Maybe you are right, maybe China will help but Sri Lanka isn't of strategic importance anymore like it used to be in ancient times so maybe not. Either way, not my problem anymore I guess🤷

  • @dnd-yd2uu
    @dnd-yd2uu 5 месяцев назад +1

    I hope Sri Lankans get out if this crises, and I am sure they will, much love and power to Sri Lanka from India🇮🇳❤️🇱🇰

  • @cowtowski1590
    @cowtowski1590 Год назад

    At 2:01, the way you said “soOoOoO” cracked me up haha

  • @interNETS-KING
    @interNETS-KING 11 месяцев назад +4

    Short answer: Since Srilanka had it's economy relying on tourism,when the pandemic hit and travel was restricted...Well....I guess you can figure this out yourself.

  • @rprLKA
    @rprLKA Год назад +31

    Just need to make a comment of fertilizer thing that was talked in this video.
    Actually Sri Lanka has very fertilized soil. You can see it by using a world fertility map.
    But the problem is that the natural rice seeds produce less food and talks longer time to produce a harvest. So Sri Lankan farmers are used to cultivate genetically modified seeds, which produce more food in less time, but needs modern fertilizers. So, banning modern fertilizers means no food. Before banning, Sri Lankans should have learned the old ways of cultivating natural seeds.

    • @marcusaurelius8467
      @marcusaurelius8467 Год назад +1

      Why wouldn't the companies that own the genetically modified seeds want farmers to be 100% dependent on them?

    • @rprLKA
      @rprLKA Год назад +4

      Those companies made sure that farmers are 100% depend on those seeds, because of the money I guess. As those seeds need modern fertilizers, after the fertilizers got banned, seeds did not grow in fields.

  • @averagepeopleproductions7023
    @averagepeopleproductions7023 Год назад +1

    You’re the best youtuber

  • @FSSmash
    @FSSmash Год назад +1

    Damn. I really wanna know the background musics used throughout the video

  • @luckydevohdar2100
    @luckydevohdar2100 Год назад +9

    I beting that Pakistan will be the next to collapse in south Asia

  • @picoroja
    @picoroja Год назад +3

    Love my Sri Lankan bus drivers here in Serbia

  • @jean-luc2299
    @jean-luc2299 Год назад

    Mfw my family did the dash from Sweden to Sask for some farming action, me n hoser really the same

  • @AlwaysOOOps
    @AlwaysOOOps Год назад +2

    im Sri Lankan
    And THIS IS SOOOO TRUE!!!

  • @gogocohen6287
    @gogocohen6287 Год назад +9

    One of my friends visits Sri Lanka yearly since he's a professional wave rider and I heard someone talking to him about visiting sri Lanka and he said "stick to the beaches"

  • @khinev3128
    @khinev3128 Год назад +7

    Just a normal day in 2022

  • @WilliamLi-nd4lz
    @WilliamLi-nd4lz 2 месяца назад +1

    Ive actually been to Sri Lanka and has several friends from there. AS far as IM concerned, there was a harsh economic crisis, but no violence was present. Thats what was peculiar about it, the protest were done peacefully.

  • @brunofandradecristiano4983
    @brunofandradecristiano4983 Год назад +1

    Considering the situation in Sri Lanka and so many other places, it seems that countries that are only outraged by fuel and food inflation are actually doing just fine, like here in Brazil. But our "problems" blind us to the places that are really struggling.

  • @EliasRoy
    @EliasRoy Год назад +9

    Next: do either India or Iran

  • @petlovers1239
    @petlovers1239 Год назад +3

    as a sri lankan i am so sad

  • @thavishagunaratne7415
    @thavishagunaratne7415 7 месяцев назад

    Really appreciated the video! Just think that the influence of extemely corrupted politics has kinda been downplayed. Obviously, its not easy to put everything in the video, but i feel like this is important to spread around to make sure that history doesn't repeat itself, again lol

  • @mikhilmuhuthan6903
    @mikhilmuhuthan6903 Год назад +2

    As for right now in Sri Lanka things are trying to be repaired but tbh if you have any money left, it's best to save up and leave the country to find new opportunities somewhere else than being doomed to suffer for the rest of ur life

  • @jasonhaven7170
    @jasonhaven7170 Год назад +4

    8:28 Jay Z was the 90s

  • @blueboy3990
    @blueboy3990 Год назад +5

    Can u do lebanon next?

  • @hungariancountryball2928
    @hungariancountryball2928 Год назад

    Cool

  • @user-by2qc1fv2s
    @user-by2qc1fv2s Год назад +1

    Taik about Algeria

  • @KathyXie
    @KathyXie Год назад +3

    22 Millions is not really a small population, that puts them in the 57th position out of 190 plus countries and territories

    • @ProfAzimov
      @ProfAzimov 5 месяцев назад

      For the region, its pretty small

  • @kanyewest2828
    @kanyewest2828 Год назад +7

    I was on vacation in Sri Lanka back in 2015 with my family and all I can say is that i’m really sad to see them like this:(

  • @Spammul
    @Spammul Год назад

    Could you please do a similar vedio on Lebanon please becuse it's in a similar state and I live in it

  • @coolbiily
    @coolbiily Год назад +1

    YES

  • @gamingixx2163
    @gamingixx2163 Год назад +3

    We are fine here 🙂👍🇱🇰

  • @yourfriendlyneighborhoodguy
    @yourfriendlyneighborhoodguy Год назад +9

    Sri Lanka will stand strong again. 🇮🇳❤️🇱🇰

  • @hydorah
    @hydorah 10 месяцев назад +2

    China owns a 99 year lease on a port in Sri Lanka. That's really troubling

  • @theawfultrumpeter8538
    @theawfultrumpeter8538 Год назад

    What song was playing during the “modern history” segment?