Sri Lanka, Oct. 17 -- The President's recent remark that "the Government cannot do business" has driven the final nail into socialist politics in Sri Lanka. This marks a watershed moment-a long-overdue recognition that economic progress depends on private sector-led growth, not state control. For the first time in decades, a consensus appears to be emerging across the political spectrum on key economic fundamentals. That means future governments, regardless of party colour, are unlikely to reverse course. Seventy-six years of misguided policies - from state monopolies to populist subsidies - bankrupted the nation, while leftist experiments, driven by strikes and terror, dragged the country a century behind. With the withering away of social...
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