e-Con e-News

Quotes that are made to go under the radar


Mined from www.eesrilanka.wordpress.com

‘At the launch of Sri Lanka’s Maritime Security Secretariat, Foreign Secretary Adm (rtd) Jayanath Colombage said “The entire world is benefited from this initiative as the Indian Ocean is the lifeline of the entire world.” Asked to explain what he meant, in the light of its possible origins in a secret US national security document, Colombage argued, in 2018 “those concepts were there” but not any longer – though “India may be wishing for that.” The concept of a Maritime Domain Awareness Centre has been around since 2011 he said’ – Lasanda Kurukulasuriya

• ‘I was a minister when the LTTE with superior weapons such as MBRLs were on the verge of driving our armed forces out of Jaffna peninsula. One of the reforms introduced by the GR-Fonseka team was to immediately get the latest weaponry. Unfortunately the leaders of the UNP, led by Ranil, could not understand any of this and were setting up the media to question the financing of those planes and weapons… Another problem facing the country is the inefficient provincial health system. Many of our Chief Ministers were small-time politicians who had very little idea of management. I am now revealing a secret that JRJ never wanted to appoint politicians as Chief Ministers. His idea was to appoint senior public servants with proven management track records to run the newly established provincial councils. I remember politicians like Dissanayake of Gampola lobbied against this saying officials had no political savvy. Instead he proposed himself for the post of Chief Minister of Central Province and JRJ was made to change his mind by confidantes like Gamini and Ronnie de Mel.’ – Sarath Amunugama

• ‘Bankers in flesh and blood would be irrelevant in the future.’ – WA Wijewardena

• ‘The English established the Ceylon Civil Service in line with what they had in their country. It was considered highly prestigious and it was the best of fresh graduates straight from universities who would join the CCS. Though sometimes ridiculed as ‘pen pushers’ whose ‘Bible’ was the ARs (Administrative Regulations) and FRs (Financial Regulations), it was known they had no partisan politics, moreover, they were clever and scrupulously honest.’ – Sunday Times

• ‘The World Bank announced an ambitious ‘human capital’ project for Sri Lanka in 2019. Its plan for the public education system is based on the flawed assumption that the country’s economy was transitioning from a rural economy to an urban, “globally competitive” export-led economy. ‘Human capital’ is the underlying thinking that has informed the reshaping of investments in education globally for the last several decades. Proposed by the Chicago School of (neoliberal) economists in the 1960s, ‘human capital’ theory assumes a linear relationship: greater investments in education enable more years of education, which, in turn, create opportunities to earn higher incomes, resulting in greater productivity. The obsession with measuring the success of education systems by the ‘rate of return’ and ranking countries based on the Human Capital Index (HCI) followed.’ – N. Kadirgamar

• ‘Robinhood.com does something very novel; they combine investing/trading tools with a social media experience targeted to young people – complete with trading addiction, and a herding effect. They have amassed a user base whose orders tend to be small’ – Wall Street on Parade

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