so this is a global phenomena, i think st lanka is one of the 1st countries in this way to even default on its international deck to go to a city, a crisis. the silicon elite i'm looking for the i m f to solve this problem. i'm still on guys in a desperate situation now, you know, you have to go around to the big bowl to any country that will give us credit lines or any institution that will give us a credit line to vote. i asked them, shells not her. i'm sorry for interrupting it's one thing when you turn to your neighbors who may or may not give you some support in the times of need, but if i'm not mistaken, so long to when to the i'm a 16 times over the last 12 or 13 years you've been boring, a huge amount of money, a very significant interest rate than from what i've seen, even the opposition at this point of time. well, they're calling for the resignation of the current government. they're still insisting on pretty much repeating the same economic policy. so is that going to bring a different result? i don't think so and, and, and not in the medium term for sure. because since 1965

so similarly, i see the current crisis in st lanka as the continuation of the global financial crisis of 2008 is really hasn't been resolved. the only been trying to financial eyes and, and bubble up i economy. and, and what i see as perhaps the crisis of neoliberalism hitting sri lanka 1st. so i don't think the usual solution is going to, we're going to have to drastically change direction the are to come up with this crisis. and dr. can you remember whenever we talk about the crisis in the global economy, it's always hard to understand where to start and where to finish. some i, economists and blame it on the very nature of capitalism. others can explain it more narrowly and by the consequences of the convent pandemic and the disruption in production change. wonder, where do you stand on? that as far as the global economic mass is concerned, what are the antecedents there? you know, as i mentioned, the 1930 is the 1970s. ok. capitalism periodically goes through these crises because it are on, on the profit motive. and so this is for me, very much a capitalist crisis. but you're also

in the st, the sri lanka, government even backtrack. someone saying we are not as stubborn government. we are sensitive to the needs of the people, american farmers see what's on the horizon and they are not happy about it. meanwhile, the rate of savings among americans is the lowest. it's been in 14 years. the biden white house continues to roll out plans that match a liberal value system. however, the problems on the ground are very real and getting worse. caleb, martha r t new york. farmers on small business owners home and done me on a ciro again, say prices have skyrocketed, leaving them fearful of affording anything at all. as everybody knows this cost diesel is crazy high. so that's going to hurt. and then you have to get more money for your cross, if the diesel. yeah, because everyone uses tractors everything. and then after the crop is grown, you gotta take that off diesel and get it to the supermarket. people are having problems with fertilize, they're not going in a fertilize well, so they're gonna cut back on their acreage o

in the st, the sri lanka, government even backtrack. someone saying we are not a stubborn government. we are sensitive to the needs of the people, american farmers see what's on the horizon and they are not happy about it. meanwhile, the rate of savings among americans is the lowest. it's been in 14 years. the biden white house continues to roll out plans that match a liberal value system. however, the problems on the ground are very real and getting worse. caleb martin, r t. york. well on undone money, sarah own is all minnesota farms in southern california. they think that the u. s. i ministration is out of touch with farmers. this whole idea to being able to use manure and everything else is just it's, it's crazy. it's about that data that's coming from somebody that has not a clue about farming, right? they don't know, they don't know what they're talking about. they don't know what they're doing. they don't know about the availability. and like dan was saying earlier, like they, they want to kind of, they want to use the newer, but

1000000000 people more basting st policy on half a 1000000000 more facing hunger and political upheaval as wild prime ministers overthrown so far and pakistan and sure lanka, it's a global crisis is affecting everyone, but now that we are here such incumbent as to make sure people have enough money in their pockets as well as, of course, enough food to eat. even how a quit are lower income countries to deal with this crisis. so not very well equipped to be they already going through difficulties during covet itself. we now see a from like 60 percent of low and lowering middle income nation's law in debt distress . they're struggling. they don't have the same kind of borrowing capacity of the richest nations have as a really, this is a global crisis, a thought to take a global response, you know, to some kind of cheese. they are able to for example, i'm here in the u. k. they are able to be that population to make sure everyone gets enough money in that pocket, but some country, particularly low and lower, middle income nation, can't afford it, really to see which nation step up about weight supply more humanitarian aid. and most importantly as well, gets

lanka on the financial and economically. could you elaborate on that? you know why the current crisis is partly caused by the global high st, filled prices and commodity prices and especially to make kind of disruption. restroom has been dependent on tourism has led to a fall in foreign reserves. the real issue is much longer silica was the 1st country in south kasia, to liberalize its economy back in 1977. when the giant was in a government at that time took 3 away from the number line went to the orbit of the united states and with the support of my structure organizations. structural adjustment centers on the new or liberal talk with tribulation and financial liberalization. leading us to become more dependent on international markets, but those reforms could not be sustained because of as long civil war that was started in 1983 lasting 26 years. so it is really with the end of the civil war in 2009. that what i have characterized as a 2nd wave of notable at some when the mind, the roger bucks the government at the time, which had won the war with a very authoritarian militarized hold, decided to take your liberal polic

st. being moved to a high security facility earlier this month, apparently was arrested and sent to prison shortly after returning to russia last year. sure lanka has restricted fuel sales to essential services only for the next 2 weeks. it part of a desperate bid to cope with a severe shortage till anchor is grappling with its worst ever economic crisis and is struggling to pay for imports of food medicine and few now to a tragedy in texas, so far it is, there have found $48.00 people dead in an abandoned truck. they included migrants from mexico, guatemala, and honduras. more than a dozen survivors, including children, were taken to a nearby hospital. the trunk was found some 250 kilometers from the u. s. border with mexico on a major transit route for people smugglers normally quiet san antonio road, transformed by tragedy authorities were allergic to the scene in a city south western outskirts. on monday evening, after a worker and a nearby building heard a cry for help and found the trailer with its doors, the jaw and dead bodies within officials said, dozens of people thought to be migrants from central and southern america were found dea

st. petersburg . and in the fifth season, seven medals showed a unique result, including four golden authorities of sri lankalocal media, combustibles are available only to those who serve vital areas, food, health, ports, and urban transport inter- provincial communications are suspended, the enterprise sends workers to remote locations en masse, there is no gasoline and for refueling school buses students are transferred to distance education. sri lanka is experiencing the worst economic crisis in the history of the country, it began during a pandemic contraction foreign tourism has led to a shortage of foreign exchange reserves. well, the catastrophic scale of the situation has acquired after the jump in prices. the oil that provoked provoked the anti-russian sanctions of the west the sanctions are also hitting those who introduce them in japan where it has been established, an unprecedented heat and everyone turns on the air conditioners, the authorities call for saving energy, as there may be problems with electricity supply. all because of the policy of abandoning russian energy resources. meanwhile in