BROMLEY, UK, Jul 19 (IPS) – Sri Lanka is officially bankrupt and a failed state in all but name. How did a country of 22 million people with a level of literacy on par with most of the developed world end up in such a dire position where the state coffers did not have the measly sum of 20 million dollars to purchase fuel to keep the country functioning beyond the next working day?

Read the full story, “Sri Lanka: Why a Feudal Culture & Absence of Meritocracy Bankrupted a Nation”, on