Russia-Ukraine War Is Propelling Us Into a New Age of Global Political Upheaval

Source: The Intercept
by Murtaza Hussain

“When protesters stormed government buildings in Sri Lanka earlier this month, what we witnessed was less the culmination of a revolutionary process than the collapse of a developing country under economic stress. Sri Lankans were coping with higher food and energy prices for months. Once the government ran out of the foreign exchange reserves necessary to import basic necessities like food and gas, the pressure became too much to bear. The ruling party had mismanaged the economy for years, creating tensions that were exacerbated by the Covid-19 pandemic. What finally pushed Sri Lanka over the edge, though, was the economic shockwaves now being felt from the war in distant Ukraine. All signs suggest that it will not be the last country to fall.” (07/27/22)

https://theintercept.com/2022/07/27/russia-ukraine-war-sri-lanka-energy/