Features
Jungles, ruins and shipwrecks
by Somasiri Devendra
Jungles fascinate me. It was a fascination that had been kindled by my father, as well as John Still, both of whom were archaeologists and writers. But, somehow, I never became one who trod the forest ways regularly. The jungle spoke to me in a different idiom – to my heart rather than my head.
Father, a teacher before turning archaeologist, became our teacher in English literature. Our text was John Still’s The jungle tide and, from the beginning, both the teacher and the author held the class spellbound. The slow progress made through the opening chapter describing a rain forest only served to stamp more deeply in my mind the world that was the jungle.
Years later I read Leonard Woolf’s haunting description of the dry zone jungle in Village In The Jungle. I always think of these two kinds of jungle – rain forest described by Still and secondary scrub by Woolf – in their words.
Trips with an archaeologist
Not long after he interpreted Still to us, father joined the Archaeological Survey of Ceylon, as it was then. He loved the work and found every excuse to go on circuit, leaving his desk. Each time he came back, he was brimful of experiences and what we learnt from him round the dining table was more than anything a university could teach.
His interests were eclectic and the tale would flit effortlessly from treasure hunters at a ruined dagoba, to a dung beetle at work, the cult of Aiyanar, a bungalow-keeper’s encounter with a wild elephant, the migrant birds, the gaemi-kavi of village pilgrims seeking male progeny from Kalu Devatha Bandara (the guardian-deity of the Sri Maha Bodhiya), and the man who manufactured sarvagna dhathu.
Being then in the class preparing for an examination, I could go with him only occasionally, but even that was wonderful. Striking inland from Puttalam, on the way to Anuradhapura, the road was, in season, bordered by weera trees in bearing and we would stop to break down the most reachable branches and strip off all the berries. He would nonchalantly remark that this was elephant country and they, too relished these berries.
Passing through the Kurunegala route, we never went past the Aiyanar jungle shrine, a mere tree, without plucking off a twig and offering it to this mysterious deity. The tree-shrine, thankfully, is still there.
Ambitious development schemes were afoot and father went to inspect work at Gal Oya, where bulldozers were turning back the jungle tide. The impact of these behemoths must have made a strong impression on him: I still have his photographs of trees being pulled down. Perhaps, it was this that prompted him to induct us into our fast disappearing cultural and environmental heritage.

Veddha songs
He took us to see the Veddahs, who were old men in the late 1940s. They sang us their songs swaying to a rhythm of their own. It was hardly music to our ears but, definitely, a far cry from what is touted as Veddah music today. Among father’s favourite verses were a gaemi kaviya in praise of Sorabora Wewa (which Seligman attributed to the Veddahs, though this is unlikely).
The verses begin with –
Paalu rata-i Vanni-ye etha-nin oha ta
Golu gene panithi veli-hinniyo aenga ta
Seru avith dive-kelinaa sonde ruwa ta
Yaa-lu thopith giyado horabora weva ta?
“It’s waste land in the Vanni from here onwards, Screaming, the she-bear will pounce on you
And the seruwas sport in the water, pleasing the eye And you, friend, have you, too, been to Sorabora lake?”
and end thus:-
Horabora waevey weva degodey vananrata rey
Kapaa gal kaanu egodata eliya ke ley
Nelaa mal pahan veherata eganthe rey
Horabora wewa n
udutu aes motada pin ke ley?
“Deep in the forest on either bank
Sluices cut in the rock tap the water.
You offer flowers and light lamps at the shrine on the other bank
But of what use is merit to you, you eyes that have not seen Sorabora lake?”
Rantembe
Another jungle trek in Veddah country was from Aluthnuwara, through the jungle to Rantembe. All this must be under water now with the construction of the Rantembe resovoir, but it was thick jungle then and we had to go in single file. If the nade gura or leader found a rock on the path he warned galak (stone), and the one behind him repeated the warning. which went drawn the single file till it reached the last man, our driver, who duly repeated it to whoever was behind him, hoping nobody was!
The rapids of Rantembe were worth every aching muscle to see. The sheer power, the roar of the Mahaveli forced into a narrow gorge was reward enough. You cannot see any of this now: so our induction to the vanishing loveliness of Lanka was something worthwhile.
“Elephant” at Tantirimalai
Another day, we were following a footpath to Tantirimale, a temple in the jungle which was famous for its unfinished reclining Buddha statue, pre-historic drawings in a cave and an ancient bo tree growing out of a crack in a slab of rock.
We were about to climb up an incline, which was really the bund of an abandoned tank, when we suddenly saw a man on a bicycle atop the bund. He was wearing sunglasses in the jungle gloom. Seeing us, he let out a yell, dropped his bike and took to the trees! When we had rescued him still trembling, he had an explanation to offer: “I thought your jeep was an elephant”. Therein lay the moral: do not wear sunglasses in the jungle!
Farewell circuit
The year I graduated from Peradeniya and started work as a teacher at Kegalle father gave me HCP Bell’s Kegalle report to make me get my historical bearings. He also decided that he would retire from the Department – though not archaeology. He set about planning a long circuit, a final good-bye to all his beloved sites, as well as to follow up reports of some new finds. This time, I went with him.
Again, I remember the barely cleared monastic site of Arankele with its long, long sakinan-maluwa (pathway for meditation). On the way we stopped at a living forest hermitage, Ruwangirikanda, where we saw many a hermit and understood what moved a man to seek the solitude of the forest. Near Arankele was Gala-pica-gala (rock-upon-a-rock) where I learnt the principles of wind erosion. And so we went from one jungle ruin to another.
Off Polonnaruwa, we went towards Dimbulagala, which was dubbed Gunner’s Quoin by sailors at sea who used to take their bearings from it. On the way we trekked to a group of boulders entirely surrounded by forest, but not yet excavated. This was Pulligoda Gal-ge (gal-ge = cave). On one of its sides was a beautiful fresco of a group of celestial beings. I was told that these were either the earliest or the only examples – I forget which – of the use of the halo on beings other than the Buddha.
Walking back to where we had parked the car, we came upon a site called Kos-gaha Ulpotha. It was a jungle spring of beautifully clear water.
At Dimbulagala, a man seeking a place for meditation had come to live in a cave. His mission was to destroy the paintings. He would comb the forest for buffalo dung and, in the nights dissolve it in water into a paint-like consistency and using a broomstick as a brush, paint over all the ancient paintings. By the time his act became known, it was impossible to remove the offending layer without destroying the paintings under it. The chemists were yet working on the problem. We saw the damage, but what could one do?
A lucky escape
I had another adventure in those parts. It was twenty years or so later, when I was working in Trincomalee. Kantalai was fully colonized by then. One day, friends visiting my brother, then the Government Agent, offered me a ride to Colombo. Gallantly, they gave me the front seat of the absolutely new car. We had passed Kantalai tank and the light was beginning to fade. There was a wide curve in the road and Joe, who was driving, asked me to switch off the tape-recorder so that he could switch on the lights.
I did not know how to do it, so he leaned over and did it. At that moment, an elephant thundered out of the jungle, where people were clearing a chena, and ran across the road. Joe promptly stood on the brakes but, before he could bring the car to a dead halt, another elephant, only about six6 to seven feet in height, ran in front of us. We hit him broadside, between the front and hind legs.
Caught in mid stride, he fell over; legs rolling up under the impact. Joe did a quick gear change and we took off like a rocket, swerving round the prone animal, just as the rest of the herd ran out of the jungle behind us. We kept going at top speed for about ten minutes, before getting out to assess the damage The radiator grill had caved in but, luckily the headlight and radiator itself were unharmed and we could go on. We reported the incident at the Habarana Police Station and carried on.
Flood relief
In 1958, we had torrential rains and floods in the country, including the least expected areas in the dry zone As was usual in such instances, all and sundry began collecting contributions for the flood victims and we teachers at Ananda College, too collected a sizeable stock. We were advised not to hand over the money but to adopt one of the affected villages and rehabilitate it. Our village was Hiriwadunna, some miles before reaching Habaran from Colombo. Apart from looking after the immediate needs of the villagers, we teachers in the upper forms used the village as a field laboratory, taking groups of student on various surveys that brought to life history, geography, botany, and the way of life in a village. What an experience it turned out to be! Probing old men’s memories turned out to be a great learning adventure.
Something the villagers said would have made eminent sense today. They were able to trace the water that came to their tank from its source: “When a tank overflowed, that water came to another tank, and when that too overflowed, it went to a third” and so on, tracing the route traversed by the water in their own tank from the beginning to the very end.
Decades later, when the cascade system was understood by our irrigation engineers, I related this concept to some of them and they admitted that they had never tapped the villagers’ reservoir of oral history.
When I asked the old folk whether there were ruins in the jungle around them, they undertook to show them to me. So I trekked with them to a thickly forested spot not far away, and came upon the remains of a small monastery. There were columns and slabs pushed aside by the living trees as they grew, and yet untouched by the archaeologist. I could not find any inscription to copy, but came upon a stone cistern, made of four slabs of stone, about waist high. Three of these were still upright, forming three sides of a square, and the fourth was lying flat on the ground. It showed two grooves chiseled for the other slabs to fit in snugly. This fit was good enough to last many centuries. I wonder how many ruins, like this one, are hidden in the forest.
Pooneryn
In the 1960s when I was in the Navy, we were called upon to open a new camp in an area totally unknown to us, but which is familiar to many now. There was an operation on to combat illicit immigration from India to Sri Lanka.
The Navy went to reinforce the Army and the sector allocated to us was Pooneryn, off Vavuniya. It was a forested, sparsely populated area just beyond an old Dutch Fort. The base camp, which was a collection of aluminium sheds, was set up in a clearing. We had a string of small outposts along the seashore to watch for incoming boats. Small groups of men would patrol those lovely, lonely beaches. There was only the main road, but none leading to the outposts until jeeps crashed through the undergrowth making tracks that later became roads.
So little was happening there and game was plentiful, that everyone became a hunter or fisherman. Driving through the open villu, we often came upon jackals, who were not in the least perturbed by us, peacocks and elephants. I remember seeing my first Ceylon magpie. The open stretch near base camp was like a slate on which was freshly written every night the tracks of all kinds of animals which had wandered there.
The outposts had to be visited day and night. During the day, we found it easier to drive along the beach from one point to another. There was no sign of anybody else or animals, but there was plenty of bird life. The most intriguing animals were fish, which swam in the very foam of the waves. As we roared and skidded along the beach, we could see before us fish after fish diving back to the deeper waters as they sensed our approach.
At night we kept to the roads. Driving through patches of arching forest alternating with open villu, one could predict which of the two he was passing through with his eyes shut. The skin was the sensory organ, for one felt warm while traversing forests and cold in the villu. It was exhilarating to go from warmth to coldness, from bright moonlight to “tunnels of green gloom”. As always, it is the sights, sounds, smells and other physical phenomena that spell “jungle” to me.
Elephants were plentiful. We had unknowingly built one post under a large tree the elephants used to scratch their backs on. The entire tree would start shaking in the night and the human inhabitants would seek refuge on the beach! One night I remember driving back along an abandoned tank bund, which was blocked by branches torn down by elephants. There was no way of reversing, so we had to get down and clear the way. Steaming piles of elephant droppings were around us and we could hear the culprits pulling more branches. But they were not worried by our presence and both animal and man went their separate ways peacefully. Pooneryn was a wonderful place then.

Mansions of the sea
The year was 1930. The scene was Dodanduwa, the last home of the traditional three-masted sailing ships of the Sinhalese, the yathra dhoni or maha-oruwa. The occasion was the launching of a ship. Two friends, one an entrepreneur and the other a seaman, had joined forces to build and launch this vessel that, though no one knew it at the time, was fated to be the last of her breed.
Kariyavasam Patuvata Vithanage Don Siyadoris de Silva, land owner, and Punchi Sinno Marakkalaehe, mariner, hoped that their freighter, by now named Amugoda Oruva, would do brisk business with South India and the Maldives. To mark her maiden voyage to Male, verses were composed, among which was:-
Gaman yanna naekatin oruva baa geney
Saman deyiyanta puda panduru baenda geney
Viman sagarey kanu mul soya geney
Apit yamuva haema deviyanta vaenda geney
“Auspiciously have we launched our vessel
And made our offerings to the god of Adam’s Peak
Let us now worship all the gods and go In search of the mansions of the sea.”
No god, alas, heard their pious prayers and the proud ship foundered on the reefs of Male, leaving those left behind in Dodanduwa to sing her dirges:
Metaenin oruva baa laa gati varaayata
Diyamba porn sata divve tharangataya
Kopamana ruval aedalaa divvat sondata
Amugoda oruva tava naeta aave gamata
“From here was the vessel taken to the port
And many a league did she race along under sail,
But however many sails were hoisted, and however fair she sailed
Amugoda Oruva never made home again.”
Sixty years or so later I was in Galle, organizing an international group of maritime archaeologists who were training a clutch of our young archaeology undergraduates and, at the same time, compiling a data base of shipwrecks in Galle Bay. Among the group was Tom Vosmer, an Australian boat ethnographer, with whom I discussed the Amugoda Oruwa and the large 100-year old model of a yathra dhoni at Kumarakanda Pirivena, Dodanduwa, that I had been privileged to photo record.
Tom was enthusiastic, for this was the last of a type of large outrigger-equipped sailing ships which could be traced back to the time of Borobudur. Days were spent in examining the model, and measuring, photographing and making detailed drawings of structural details. Built by the young son of a ship-owner, around 1890, it had been awarded a gold medal by the Governor. Tom considered that its accuracy, both in scale and detail, made it a fairly reliable source for (????????)
Features
Immediate industrial reforms critical for Sri Lanka’s future
Sri Lanka’s industrial sector has historically been an engine of growth, employment, and exports. Yet today, many industries face structural challenges, outdated practices, and intense global competition. Immediate and comprehensive policy reforms are, therefore, both urgent and essential—not only to revive growth but also to secure the future prosperity of the country.
Strengthening economic growth and diversification
Industries contribute significantly to GDP and export earnings. They create value-added products, reduce import dependency, and improve trade balances. Sri Lanka’s economy remains overly reliant on a few traditional sectors, such as garments and tea. Industrial reforms can encourage diversification into higher-value manufacturing, technology-driven production, and knowledge-based industries, increasing resilience against global shocks.
Job creation and social stability
The industrial sector is a major source of formal employment, particularly for youth and women. Small and medium-sized enterprises (SMEs) provide both direct and indirect jobs. Without reforms, job creation is limited, pushing young people to seek opportunities abroad, which drains talent and exacerbates social and economic inequality. By modernising industries and supporting SME growth, the country can create high-quality, sustainable employment, reduce migration pressures, and promote social stability.
Competitiveness and export expansion
Sri Lanka faces stiff competition from countries such as Vietnam, Bangladesh, and India in textiles, garments, and other manufacturing exports. Many local industries struggle with outdated technology, high production costs, and weak supply chains. Urgent reforms—such as improving industrial infrastructure, incentivising technology adoption, and simplifying trade regulations—are critical to enhancing competitiveness, retaining market share, and expanding exports.
Attracting domestic and foreign investment
Investors require clarity, stability, and efficient regulatory processes. Complex licensing, bureaucratic delays, and inconsistent policies deter both domestic and foreign investment. By implementing transparent and predictable industrial policies, the government can attract capital, encourage innovation, and accelerate industrial modernisation. Investment is not just about funding production—it is also about transferring technology and upgrading skills, which is essential for long-term industrial development.
Promoting innovation and technological upgrading
Many Sri Lankan industries continue to rely on outdated production methods and low-value processes, limiting productivity, efficiency, and global competitiveness. Comprehensive industrial reforms can incentivise research and development, digitalisation, automation, and adoption of green technologies, enabling local industries to move up the value chain and produce higher-value goods. This is particularly urgent as global competitors are rapidly implementing Industry 4.0 standards, including AI-driven production, smart logistics, and sustainable manufacturing. Without modernisation, Sri Lanka risks not only losing export opportunities but also falling permanently behind in technological capabilities, undermining long-term industrial growth and economic resilience.
Strengthening supply chains and local linkages
Effective industrial reform can improve integration between agriculture, services, and manufacturing. For example, better industrial policies can ensure that local raw materials are efficiently used, logistics systems are modernised, and SMEs are integrated into global supply chains. This creates multiplier effects across the economy, stimulating productivity, innovation, and competitiveness beyond the industrial sector itself.
Environmental sustainability and resilience
Global trends demand green and sustainable industrial practices. Sri Lanka cannot afford to ignore climate-friendly production methods, energy efficiency, or waste management. Reforms that promote sustainable manufacturing, circular economy principles, and renewable energy adoption will future-proof industries, improve international market access, and ensure compliance with global trade standards.
Institutional capacity and governance
Industrial reforms are not just about incentives; they require strong institutions capable of policy design, monitoring, and enforcement. Weak governance, policy inconsistency, and politicisation have historically undermined industrial development in Sri Lanka. Strengthening industrial institutions, simplifying bureaucracy, and ensuring accountability are essential components of meaningful reform.
Responding to global technological and trade shifts
The industrial landscape is rapidly changing due to digitalisation, automation, AI, and new global trade patterns. Sri Lanka must adapt quickly to benefit from global industrial trends rather than risk falling behind regional competitors. Immediate reform will allow industries to adopt modern production systems, integrate with global value chains, and improve export competitiveness.
Conclusion
Industrial policy reforms in Sri Lanka are urgent because delays threaten employment, competitiveness, and investment. They are important because a modern, resilient industrial sector is crucial for economic growth, export expansion, technological advancement, social stability, and environmental sustainability. Strategic, forward-looking reforms will not only save existing industries but also position Sri Lanka for a prosperous, resilient, and inclusive future.
(The writer is a former senior public servant and policy specialist.)
BY Chinthaka Samarawickrama Lokuhetti
Features
How to insult friends and intimidate people!
US President Donald Trump is insulting friends and intimidating others. Perhaps. Following his rare feat of securing a non-consecutive second term, one would have expected Trump to be magnanimous, humble and strive to leave an imprint in world history as a statesman. However, considering the unfolding events, it is more likely that he will be leaving an imprint but for totally different reasons!
From the time of his re-election, Trump has apparently been determined to let the world know who the ‘boss’ is and wanted to Make America Great Again (MAGA) by economic measures that were detrimental even to his neighbours and friends, totally disregarding the impact it may have on the world economy. Some of his actions were risky and may well have backfired. Businessmen are accustomed to taking risks and he appears to behave as a businessman rather than as a politician. There was hardly any significant resistance to his arbitrary tariff increases except from China. He craved for the Nobel Peace Prize, claiming to have ended and prevented wars and, and unashamedly posed for a picture when the Nobel Peace Prize was ‘presented’ to him by the winner! To add insult to injury, Trump demonstrated his ignorance by blaming the Norwegian Prime Minister for having overlooked him for the Nobel Peace Prize. He should surely have known, before the Norwegian PM pointed out, that the awardee was chosen by a non-governmental committee.
Trump’s erratic behaviour reached its climax in Davos. He came to Davos determined to railroad the European leaders into accepting his bid to acquire Greenland and seemed to do so by hurling insults left, right and centre! Even before he started the trip to Davos, Trump had already imposed a 10% tariff on imports from seven European countries including the UK, increasing to 25% from the beginning of February, until he was able to acquire Greenland. In a rambling speech, lasting over an hour, he referred to Greenland as Iceland on four different occasions.
Exaggerating the part played by the US in World War II Trump proclaimed “Without us right now, you’d all be speaking German and a little Japanese”. After making a hideous claim that the US had handed Greenland to Denmark, after World War II, Trump said, “We want a piece of ice for world protection, and they won’t give it. You can say yes and we will be very appreciative. Or you can say no and we will remember”. A veiled threat, perhaps!
However, the remark that irked the UK most was his reference to the war in Afghanistan. He repeated the claim, made to Fox News, that NATO had sent ‘some troops’. but that they ‘had stayed a little back, a little off the front line’. On top of politicians, infuriated families of over 500 soldiers who sacrificed their lives in the front-lines in Afghanistan, started protesting which forced the British PM Keir Starmer to abandon the hitherto used tactic of flattery to win over Trump, to state that Trump’s remarks were “insulting and frankly appalling.” After a call from Starmer, Trump posted a praise on his Truth Social platform that UK troops are “among the greatest of all warriors”!
The resistance to Trump’s attempts at reverting to ‘unconstrained power of Great Powers’, which was replaced by the ‘rule-based-order’ after World War II, was spearheaded from an unlikely quarter. It was by Mark Carney, financier turned politician, PM of Canada. He was the Governor of the Bank of England, during the disastrous David Cameron administration, and left the post with hardly any impact but seems to have become a good politician. He apparently has hit Trump where it hurts most, as in his speech, Trump stated that Canada was living on USA and warned Carney about his language!
Mark Carney’s warning that this was a moment of “rupture” with the established rules-based international order giving way to a new world of Great Power politics and his rallying cry that “the middle powers” needed to act together, need to be taken seriously. What would the world come to, unless there is universal condemnation of actions like the forcible extraction of the Venezuelan President which, unfortunately, did not happen maybe because of the fear of Trump heaping more tariffs etc? What started in Venezuela can end up anywhere. Who appointed the US to be the policeman of the world?
With words, Trump gave false hope to protesters rebelling against the theocracy in Iran but started showing naval strength only after the regime crushed the rebellion by killing, according to some estimates, up to 25,000 protesters. If he decides to attack, Iran is bound to retaliate, triggering another war. In fact, Trump was crass enough to state that he no longer cares for peace as he was snubbed by the Nobel Peace committee! Trump is terrorising his own people as is happening in Minnesota but that is a different story.
Already the signs of unity, opposing Trump’s irrationalities, are visible. Almost all NATO members opposing Trump’s plans resulted in his withdrawal from Greenland acquisition plans. To save face, he gave the bogus excuse that he had reached an ever-lasting settlement! Rather than flattery, Trump’s idiosyncrasies need to be countered without fear, as well illustrated by the stance the British PM was forced to take on the Afghan war issue. For the sake of world peace, let us hope that Trump will be on the retreat from now.
Mark Carney’s pivotal speech received a well-deserved and rare standing ovation in Davos. One can only hope that he will practice what he preached to the world, when it comes to internal politics of his country. It is no secret that vote-bank politics is playing a significant role in Canadian politics. I do hope he will be able to curtail the actions of remnants of terrorist groups operating freely in Canada.
by Dr Upul Wijayawardhana
Features
Trump is a product of greed-laden American decadence
One wonders why the people of the US, who have built the most technologically and economically advanced country, ever elected Donald Trump as their President, not once, but twice. His mistakes and blunders in his first term are too numerous to mention, but a few of the most damaging to the working people are as follows:
Trump brought in tax cuts that overwhelmingly favour the wealthy over the average worker. The Tax Cuts and Jobs Act (TCJA) signed into law, at the end of 2017, provides a permanent cut in the corporate income tax rate that will overwhelmingly benefit capital owners and the top one percent. His new laws took billions out of workers’ pockets by weakening or abandoning regulations that protect their pay. In 2017 the Trump administration hurt workers’ pay in many ways, including acts to dismantle two key regulations that protect the pay of low- to middle-income workers. These failures to protect workers’ pay could cost workers an estimated $7 billion per year. In 2017, the Trump administration—in a virtually unprecedented move—switched sides in a case before the US Supreme Court and fought on the side of corporate interests and against workers.
Trump’s policies on climate change could ruin the global plans to cut down emissions and reduce warming, which has already affected the US equally badly as anywhere else in the world. Trump ridiculed the idea of man-made climate change, and repeatedly referred to his energy policy under the mantra “drill, baby, drill”. He said he would increase oil drilling on public lands and offer tax breaks to oil, gas, and coal producers, and stated his goal for the United States to have the lowest cost of electricity and energy of any country in the world. Trump also promised to roll back electric vehicle initiatives, proposed once again the United States withdrawal from the Paris Agreement, and rescind several environmental regulations. The implementation of Trump’s plans would add around 4 billion tons of carbon dioxide to the atmosphere by 2030, also having effects on the international level. If the policies do not change further, it would add 15 billion tons by 2040 and 27 billion by 2050. Although the exact calculation is difficult, researchers stated: “Regardless of the precise impact, a second Trump term that successfully dismantles Biden’s climate legacy would likely end any global hopes of keeping global warming below 1.5C.” ( Evans, et al, 2024). Despite all these anti-social policies Trump was voted into power for a second term.
Arguments suggesting the USA is a decadent society, defined as a wealthy civilisation in a state of stagnation, exhaustion, and decline, are increasingly common among commentators. Evidence cited includes political gridlock, economic stagnation since the 1970s, demographic decline, and a shift toward a “cultural doom loop” of repeating past ideas (Douthat, 2024, New York Times).
First, we will look at the economic aspect of the matter though the moral and spiritual degradation may be more important, for it is the latter that often causes the former . The reasons for the economic decline, characterised by increase in inequality, dates back to the seventies. Between 1973 and 2000, the average income of the bottom 90 percent of US taxpayers fell by seven percent. Incomes of the top one percent rose by 148 percent, the top 0.1 percent by 343 percent, and the top 0.01 percent rose by 599 percent. The redistribution of income and wealth was detrimental to most Americans.
If the income distribution had remained unchanged from the mid-1970s, by 2018, the median income would be 58 percent higher ($21,000 more a year). The decline in profits was halted, but at the expense of working families. Stagnant wages, massive debt and ever longer working hours became their fate.
Since 1973, the US has experienced slower growth, lower productivity, and a diminished share of global manufacturing, notes the (American Enterprise Institute). Despite the low growth, the rich have doubled their wealth. In our opinion this is due to the “unleash of a culture of greed” that Joseph Stiglitz spoke about.
Nobel Prize winning economist Joseph Stiglitz has frequently argued that the United States has unleashed a culture of greed, selfishness, and deregulation, which he blames for extreme inequality, financial crises, and environmental destruction.
Income stagnation is not the only quality of life indicator that suffered. In 1980, life expectancy in the US was about average for an affluent nation. By the 2020s, it dropped to the lowest among wealthy countries, even behind China or Chile, largely due to the stagnation of life expectancy for working-class people. With regard to quality of life the US has fallen to 41st in global, UN-aligned, sustainable development rankings, highlighting issues with infrastructure and social systems, (The Conversation). The political system is described as trapped in a “stale system” with high polarisation, resulting in inaction rather than progress, (Douthat, New York Times).
It is often the moral and spiritual degradation that causes an overall decline in all aspects of life, including the US economy. Statistics on crime, drug and alcohol addiction, suicide rate and mental health issues in the US, which are the indicators for moral and spiritual status of a society, are not very complimentary. The Crime Index in the US is 49 while it is 23 in China and 32 in Russia. Drug abuse rate is 16.8% in the US and alcohol addiction is 18%. Mental illness in adults is as common as 23%. Only about 31% follow a religion. Erich Fromm in his book, titled “Sane Society,” refers to these facts to make a case that the US and also other countries in the West are not sane societies.
Let us now look at Joseph Stiglitz’s thoughts on greed which is the single most important factor in the aetiology of moral degradation in the US society. Stiglitz has directly linked corporate greed and the pursuit of immediate, short-term profits to accelerating climate change and economic failure for the majority of Americans. He argues that “free” (unregulated) markets in the US have not led to growth, but rather to the exploitation of workers and consumers, allowing the top 1% to siphon wealth from the rest of society. Stiglitz argues that neoliberalism, which he calls “ersatz capitalism,” has fostered a moral system where banks are “too big to fail, but too big to be held accountable,” rewarding greedy, risky behaviour. He contends that US economic policies have been designed to favour the wealthy, creating a “rigged” economy where the middle class is shrinking. In essence, Stiglitz argues that the US has allowed a “neoliberal experiment” to turn capitalism into a system focused on greed, which is harming the economy, the environment, and the social fabric.
Big oil companies spent a stunning $445m throughout the last election cycle to influence Donald Trump and Congress, a new analysis has found. These investments are “likely to pay dividends”, the report says, with Republicans holding control of the White House, House and Senate – as well as some key states. Trump unleashed dozens of pro-fossil fuel executive actions on his first day in office and is expected to pursue a vast array of others with cooperation from Congress (The Guardian, Jan 2025).
Trump himself has accumulated wealth just as much as the rest of billionaires, and his poor voters are becoming poorer. He is greedy for wealth and power. He is carving up the world and is striving to annex as much of it as possible at the expense of sovereignty of other countries, the US allies, and international law.
Greed is an inherent human character which when unfettered could result in psychopathic monsters like Hitler. A new world order will have to take into serious consideration this factor of greed and evolve a system that does not depend on greed as the driver of its economy.
by N. A. de S. Amaratunga
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