Sri Lanka is in economic freefall. Food prices are soaring. Medicine, fuel, and electricity are in short supply. Foreign exchange reserves for the island nation of 22 million people are just $50 million. Under a cloud of gross mismanagement, Prime Minister Mahinda Rajapaksa resigned on May 9. Dismayed by the country’s corrupt and incompetent leadership, Sri Lankans also demand the resignation of President Gotabaya Rajapaksa. Chaos has engulfed the country as pitched street battles spiral out of control.
Who is to blame for Sri Lanka’s chaos and economic implosion?