Opinion
An Economic Round Table – a farce in a fallen economy?
It is indeed amusing to read this debate published in The Island about an “economic roundtable towards a consensus”, presumably to help Sri Lanka’s politicians to get the country out of the abyss it has fallen into. Could these writers be practising a genre of writing bordering on farce, and understated amusement?
They realise that what is needed in the first instance is a tribunal and a guillotine set up in the Galle Face Green, to execute the crooks who have amassed personal fortunes by various scams and “jaavaram”? Scams could be at the august level of a Prime Minister and a Governor of the Central Bank working in collusion, with a Minister who did not know who paid the rent for his luxury flat, or at the ignominious level of a secretary to the President who exchanged sacks of money in a dark parking lot, or in the shadow of changing the price of sugar or of nano-nitrogen to fill desired pockets.
However, once the crooks are got rid of, and their ill-gotten wealth nationalised and repatriated, the economists could be called in to give consensual advice?
Hema Senanayake, who thinks that a round table of economists will square the circle, may have heard of Bernard Shaw’s remark that if you ask 10 economists to point to the North, they will point in 11 different directions and yet miss the North!
Hema Senanayake says, perhaps with unstated irony that “In chemistry, there is no middle path, just known truth prevails. So is physics. In brief all subjects of natural sciences there are scientific truths. Why not in economics?” The simple answer is that Economics is NOT a science. According to Dr. Nalin de Silva, even science is a chronic Western lie – only revealed truth is “truth”.
Senanayake may be secretly thinking of the address given by von Hayek on receiving the Nobel Prize for Economics, entitled “On pretence of knowledge”. https://www.nobelprize.org/prizes/economic-sciences/1974/hayek/lecture/
Von Hayek says that most economic advice is just pretence to knowledge, when no such knowledge exists. In regard to the analogy with the physical sciences, he says:
“Economic Science marks a significant step in the process by which, in the opinion of the general public, economics has conceded some of the dignity and prestige of the physical sciences. On the other hand, the economists are at this moment called upon to say how to extricate the free world from the serious threat of accelerating inflation which, it must be admitted, has been brought about by policies which the majority of economists recommended and even urged governments to pursue. We have indeed at the moment little cause for pride: as a profession we have made a mess of things.
It seems to me that this failure of the economists to guide policy more successfully is closely connected with their propensity to imitate as closely as possible the procedures of the brilliantly successful physical sciences – an attempt which in our field may lead to outright error.”
Senanayake is carrying his irony too far when he says “Therefore, I would unite with Dr. Dayan Jayatilleke to call for an Economic Round table and let’s begin with economic axioms. Our people would be relieved from economic suffering within months.”
In Months, WOW! After all, we have heard of Euclid’s axioms, or the axioms set down by Whitehead and Russell in their abortive bid to unify logic and mathematics. But what are these axioms of Economics? The pretence that there are such axioms has been expunged long ago by von Hayek in his Nobel-prize speech.
So what about Sri Lanka’s economy? Surely, if the old soldier had not shot himself in the foot by listening to the likes of Venerable Rathana, Dr. Padeniya, or Dr. Jayasumana to clean the country of toxins, he would not have banned agrochemicals last April. There would have been less of a crisis.
AGRICULTURE- the leading leg of the nation.
What we need now are not economic axioms, but rapid-result agriculture.
Mrs. Bandaranaike, having destroyed Dudley Senanayake’s gains in agriculture, realised in 1971-72 that a possible recourse was to grow Manioc, Millet etc., i.e., crops that need very little agrochemicals! Manioc leaves contain a form of cyanide, and even caterpillars or cattle avoid it. However, if the leaves are pounded and left for an hour, the cyanide is released and makes an excellent “Maellum” (cooked salad) rich in protein.
The government has not only shot one foot (agriculture), but also its other foot (energy sector), and is unable to stand erect. It is on its four limbs; its only capacity is to beg. But DISASTER CAPITALISM is here. The main question for the round-table economists is, who should buy up the disaster – the US, Chinese or Indian capitalists? But, even if the economists come to some agreement, they cannot achieve much, unless they can invite the likes of Goldman Sachs, Mukesh Ambani or Ma Huateng to the talks. That is the only valid axiom!
If the agricultural catastrophe can be weathered for a year by resorting to Manioc and other fallback foods (while the upper classes eat their organic food and drink Evian water), at least one leg of the economy becomes viable. How about the other leg – the power sector?
THE POWER SECTOR- the left leg of the nation
: Already, the local populace has re-discovered firewood. This is bio-energy. Quick growing plants requiring little or no fertiliser and resistant to pests, fit the bill. While exploiting quick-growing plants like Giricidia, my choice for a high-payoff plant for the power sector is Castor, “Erandu” in swabhasha. The oil can be used in a diesel engine without further treatment! It grows fast on the poorest of soils, untouched by even a very hungry goat or gnat. The whole plant, seeds, shells can be burnt to produce high-pressure steam and electric power.
Ipil Ipil, used in coconut plantations as it is a nitrogen-fixing plant, grows to 20-30 feet in a couple of years, and can also be used for firewood or for power generation.
Ifham Nizam’s report in The Island (1st January 2022) says that “Hydro Power capacity has dropped to 70 percent from nearly 95 percent during the recent rains.” When the rains stop, the water levels in the reservoirs fall as the water flows down the sluices, turbines and into irrigation canals. But what is not appreciated is that one third of this water (that could generate 95% during rains) gets lost by EVAPORATION occurring day and night, especially from water areas covered by Salvinia and other aquatic plants.
One might imagine that aquatic plants cover the water and prevent evaporation. Far from it. They act like wicks, and bring up water through their underwater roots and to the air more efficiently. So, REMOVE the aquatic plants, and put floating covers on the windswept part of the water. You immediately get 1/3 MORE electricity by extending the effect of the rains.
Putting floats on water surfaces to partially cover them is a locally available, rapidly deployable technology. However, these floats can carry solar panels. Then, a good additional amount of solar energy, besides the 1/3 extra electricity obtained by cutting evaporation, can be obtained. This solar electricity can be used during the day; a corresponding amount of water can be saved by shutting off a few turbines.
Deploying floating covers to prevent evaporation (with or without solar panels) cleans up the aquatic surfaces. The Salvinia, “Japan Jabara” (water hyacinth) etc., suck up the dissolved oxygen in the water and asphyxiate aquatic organisms, and create unhealthy aquatic bodies. The aquatic weeds thrive in excess phosphates carried down to reservoirs from agricultural areas. So, clearing up these aquatic surfaces, and covering them partially using solar panels will IMPROVE the aquatic ecosystem beyond measure.
In summary, falling back to fast-growing primordial diets based on manioc, millets and yams to weather over the immediate shock of the collapse of the conventional agriculture sector, can steady one leg of the economy. The other leg, i. e., the power sector, may have to fall back on fire wood, Gliricidia, Castor and such bio-energy sources, while taking steps to prevent loss of hydro-power due to water evaporation.
However, an efficient organisational structure is needed to achieve these objectives. The Ministry of Agriculture has had five secretaries in a short length of time. It is like a demoralised army languishing under a succession of mad men, who ordered firing even into its own ranks.
CHANDRE
DHARMAWARDANA
chandre.dharma@yahoo.ca
Opinion
We do not want to be press-ganged
Reference ,the Indian High Commissioner’s recent comments ( The Island, 9th Jan. ) on strong India-Sri Lanka relationship and the assistance granted on recovering from the financial collapse of Sri Lanka and yet again for cyclone recovery., Sri Lankans should express their thanks to India for standing up as a friendly neighbour.
On the Defence Cooperation agreement, the Indian High Commissioner’s assertion was that there was nothing beyond that which had been included in the text. But, dear High Commissioner, we Sri Lankans have burnt our fingers when we signed agreements with the European nations who invaded our country; they took our leaders around the Mulberry bush and made our nation pay a very high price by controlling our destiny for hundreds of years. When the Opposition parties in the Parliament requested the Sri Lankan government to reveal the contents of the Defence agreements signed with India as per the prevalent common practice, the government’s strange response was that India did not want them disclosed.
Even the terms of the one-sided infamous Indo-Sri Lanka agreement, signed in 1987, were disclosed to the public.
Mr. High Commissioner, we are not satisfied with your reply as we are weak, economically, and unable to clearly understand your “India’s Neighbourhood First and Mahasagar policies” . We need the details of the defence agreements signed with our government, early.
RANJITH SOYSA
Opinion
When will we learn?
At every election—general or presidential—we do not truly vote, we simply outvote. We push out the incumbent and bring in another, whether recycled from the past or presented as “fresh.” The last time, we chose a newcomer who had spent years criticising others, conveniently ignoring the centuries of damage they inflicted during successive governments. Only now do we realise that governing is far more difficult than criticising.
There is a saying: “Even with elephants, you cannot bring back the wisdom that has passed.” But are we learning? Among our legislators, there have been individuals accused of murder, fraud, and countless illegal acts. True, the courts did not punish them—but are we so blind as to remain naive in the face of such allegations? These fraudsters and criminals, and any sane citizen living in this decade, cannot deny those realities.
Meanwhile, many of our compatriots abroad, living comfortably with their families, ignore these past crimes with blind devotion and campaign for different parties. For most of us, the wish during an election is not the welfare of the country, but simply to send our personal favourite to the council. The clearest example was the election of a teledrama actress—someone who did not even understand the Constitution—over experienced and honest politicians.
It is time to stop this bogus hero worship. Vote not for personalities, but for the country. Vote for integrity, for competence, and for the future we deserve.
Deshapriya Rajapaksha
Opinion
Chlorophyll –The Life-giver is in peril
Chlorophyll is the green pigment found in plants, algae, and cyanobacteria. It is essential for photosynthesis, the process by which light energy is converted into chemical energy to sustain life on Earth. As it is green it reflects Green of the sunlight spectrum and absorbs its Red and Blue ranges. The energy in these rays are used to produce carbohydrates utilising water and carbon dioxide and releasing oxygen in the process. Thus, it performs, in this reaction, three functions essential for life on earth; it produces food and oxygen and removes carbon dioxide from the atmosphere to maintain equilibrium in our environment. It is one of the wonders of nature that are in peril today. It is essential for life on earth, at least for the present, as there are no suitable alternatives. While chlorophyll can be produced in a lab, it cannot be produced using simple, everyday chemicals in a straightforward process. The total synthesis of chlorophyll is an extremely complex multi-step organic chemistry process that requires specialized knowledge, advanced laboratory equipment, and numerous complex intermediary compounds and catalysts.
Chlorophyll probably evolved inside bacteria in water and migrated to land with plants that preceded animals who also evolved in water. Plants had to come on land first to oxygenate the atmosphere and make it possible for animals to follow. There was very little oxygen in the ocean or on the surface before chlorophyll carrying bacteria and algae started photosynthesis. Now 70% of our atmospheric oxygen is produced by sea phytoplankton and algae, hence the importance of the sea as a source of oxygen.
Chemically, chlorophyll is a porphyrin compound with a central magnesium (Mg²⁺) ion. Factors that affect its production and function are light intensity, availability of nutrients, especially nitrogen and magnesium, water supply and temperature. Availability of nutrients and temperature could be adversely affected due to sea pollution and global warming respectively.
Temperature range for optimum chlorophyll function is 25 – 35 C depending on the types of plants. Plants in temperate climates are adopted to function at lower temperatures and those in tropical regions prefer higher temperatures. Chlorophyll in most plants work most efficiently at 30 C. At lower temperatures it could slow down and become dormant. At temperatures above 40 C chlorophyll enzymes begin to denature and protein complexes can be damaged. Photosynthesis would decline sharply at these high temperatures.
Global warming therefore could affect chlorophyll function and threaten its very existence. Already there is a qualitative as well as quantitative decline of chlorophyll particularly in the sea. The last decade has been the hottest ten years and 2024 the hottest year since recording had started. The ocean absorbs 90% of the excess heat that reaches the Earth due to the greenhouse effect. Global warming has caused sea surface temperatures to rise significantly, leading to record-breaking temperatures in recent years (like 2023-2024), a faster warming rate (four times faster than 40 years ago), and more frequent, intense marine heatwaves, disrupting marine life and weather patterns. The ocean’s surface is heating up much faster, about four times quicker than in the late 1980s, with the last decade being the warmest on record. 2023 and 2024 saw unprecedented high sea surface temperatures, with some periods exceeding previous records by large margins, potentially becoming the new normal.
Half of the global sea surface has gradually changed in colour indicating chlorophyll decline (Frankie Adkins, 2024, Z Hong, 2025). Sea is blue in colour due to the absorption of Red of the sunlight spectrum by water and reflecting Blue. When the green chlorophyll of the phytoplankton is decreased the sea becomes bluer. Researchers from MIT and Georgia Tech found these color changes are global, affecting over half the ocean’s surface in the last two decades, and are consistent with climate model predictions. Sea phytoplankton and algae produce more than 70% of the atmospheric oxygen, replenishing what is consumed by animals. Danger to the life of these animals including humans due to decline of sea chlorophyll is obvious. Unless this trend is reversed there would be irreparable damage and irreversible changes in the ecosystems that involve chlorophyll function as a vital component.
The balance 30% of oxygen is supplied mainly by terrestrial plants which are lost due mainly to human action, either by felling and clearing or due to global warming. Since 2000, approximately 100 million hectares of forest area was lost globally by 2018 due to permanent deforestation. More recent estimates from the UN’s Food and Agriculture Organization (FAO) indicate that an estimated 420 million hectares of forest have been lost through deforestation since 1990, with a net loss of approximately 4.7 million hectares per year between 2010 and 2020 (accounting for forest gains by reforestation). From 2001 to 2024, there had been a total of 520 million hectares of tree cover loss globally. This figure includes both temporary loss (e.g., due to fires or logging where forests regrow) and permanent deforestation. Roughly 37% of tree cover loss since 2000 was likely permanent deforestation, resulting in conversion to non-forest land uses such as agriculture, mining, or urban development. Tropical forests account for the vast majority (nearly 94%) of permanent deforestation, largely driven by agricultural expansion. Limiting warming to 1.5°C significantly reduces risks, but without strong action, widespread plant loss and biodiversity decline are projected, making climate change a dominant threat to nature, notes the World Economic Forum. Tropical trees are Earth’s climate regulators—they cool the planet, store massive amounts of carbon, control rainfall, and stabilize global climate systems. Losing them would make climate change faster, hotter, and harder to reverse.
Another vital function of chlorophyll is carbon fixing. Carbon fixation by plants is crucial because it converts atmospheric carbon dioxide into organic compounds, forming the base of the food web, providing energy/building blocks for life, regulating Earth’s climate by removing greenhouse gases, and driving the global carbon cycle, making life as we know it possible. Plants use carbon fixation (photosynthesis) to create their own food (sugars), providing energy and organic matter that sustains all other life forms. By absorbing vast amounts of CO2 (a greenhouse gas) from the atmosphere, plants help control its concentration, mitigating global warming. Chlorophyll drives the Carbon Cycle, it’s the primary natural mechanism for moving inorganic carbon into the biosphere, making it available for all living organisms.
In essence, carbon fixation turns the air we breathe out (carbon dioxide) into the food we eat and the air we breathe in (oxygen), sustaining ecosystems and regulating our planet’s climate.
While land plants store much more total carbon in their biomass, marine plants (like phytoplankton) and algae fix nearly the same amount of carbon annually as all terrestrial plants combined, making the ocean a massive and highly efficient carbon sink, especially coastal ecosystems that sequester carbon far faster than forests. Coastal marine plants (mangroves, salt marshes, seagrasses) are extremely efficient carbon sequesters, absorbing carbon at rates up to 50 times faster than terrestrial forests.
If Chlorophyll decline, which is mainly due to human action driven by uncontrolled greed, is not arrested as soon as possible life on Earth would not be possible.
(Some information was obtained from Wikipedia)
by N. A. de S. Amaratunga ✍️
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