Wednesday, October 15, 2008

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Building for the future – Leadership and action

Sri Lanka: A country, an economy and a society in turmoil. Last week saw the untimely passing of another leader; perhaps still uncrowned in the sphere of politics, Major-General Janaka Perera, was an icon of military strength and strategy, and a man upon whom the masses placed their trust and futures.

The country has a long list of war casualties – of leaders with intellect, who commanded people’s respect, and above all, leaders who could have made a change. Terrorism – dispensed by whoever – has wiped out national leaders, and it wouldn’t be wrong to aver that Sri Lanka could face a leadership crisis in time to come. And it’s not just to do with terrorism really; Sri Lanka’s customary party and personal politics often find potential leaders waiting in the wings – perhaps forever.

Fostering leaders
Concerns on the lack of an effective second tier of leaders in waiting are growing. A country without a proper head is a country billed for ruination. Sri Lanka lacks a policy or a plan to identify budding leadership and nurture it. Instead, it has a culture of stifling the same, and pushing them into doldrums – all for the sake of those in power staying in power. Then we are faced with situations like we did with the late Janaka Perera.

The defence community had identified and informed that the retired Major-General was under threat, but he was denied adequate security initially. Why? It seems because of politics. This culture of power partisan politics based on personal agendas is our bane, and it has spelt disaster for Sri Lanka since independence, and will sadly continue to do so in time to come.

How many more leaders are we to lose, how many more are we to keep in the dark? It is a pertinent issue for both main political parties, and something we would all hope would be addressed with prudence. As I always say, the public can influence party and politics to make the right choice, but how much can we expect from a society that is largely ignorant of such realities?

If I may take a moment to mention Dr. Raja Johnpulle and his wife who were also killed at Anuradhapura, it is sad to note the fate that befell them. In the twilight of their lives, the respected Dr. Johnpulle was plagued with death threats, assault and the destruction of his home and property – all because of dirty politics (not by him). Let’s forget what party or following he came from… does he or any other, deserve such trauma; and after all that, to die the way he did?

Business leadership
The turmoil is not only at national level; even the august trade body that is the Ceylon Chamber of Commerce is grappling with issues of inaction (or interest) on the court ruling with regard to LMS (JKH). The Chamber and its membership are split over the matter, and some charge that the leadership is trying to sweep the matter under the carpet. But the leadership would find that increasingly difficult to do, given that sections of the membership have already begun making noises during meetings.

Keeping the peace is one thing, but letting an issue lie quiet with the hope of it being forgotten, and in doing so perhaps one day undermine the reputation of the country’s premier trade chamber, is another. The unity of the business community is paramount; whatever the Chamber leadership opts to do, we hope it preserves the unity and dignity of the private sector.

An oil change
It was interesting listening to a recent interview by the CPC Chairman on the possibility of reducing oil prices, now that a barrel of oil is hovering around USD 80. He said the CPC must recover the losses amounting to over Rs. 20 billion which has accrued over so many years.

Let’s hope this is a lesson for all. Governments gave subsidies, and then it incurred losses. When oil prices rose, government had to remove subsidies, plus, recover losses – incurring the wrath of the public (the voter base). Oil prices come down and now government can’t reduce prices because they still need to cover the old losses – an unhappy public. And those brothers who shouted for subsidies and stated that it’s the government’s duty to grant them are now all quiet!

The public are the losers. Governments gave them subsidies because some sections shouted for it, and when government must recover its losses the people must pay for the sins of others. What’s more, our public is willing to grin and bear, or, shout about it and then forget.

At least, the CPC chairman said it as it is, as opposed to some senior ministers, who put forth some rather questionable explanations. That must be because the Sri Lankan voter can be taken for a ride. He/she has always been the donkey following the carrot, and it seems will continue to chase carrots until and unless they achieve a paradigm shift in their mindsets. That day will not come in our lifetime!

Global financial crisis
The world economy is reeling from the economic shocks stemming from the US, and retrenching is having its impact on global markets. There is little use in saying this, but… isn’t it remarkable how the fortunes or woes of one economy can impact economies and lives of people all over the world?

At a gathering of various minds last week, there was the question: “Why must we worry about a credit problem in the US, and why is everything else falling apart as a result?” Sadly (or maybe thankfully), there were no economist friends to give a technical explanation, but it did leave some questions about the benefits of globalisation. Do we have any solutions, is anyone anywhere looking for them, or … are we scared to look?

Economic and leadership woes aside, the nation prepares for budget 2009 with a new Treasury Secretary and perhaps a golf-course short. With heavy defence expenditure and signs of elections in the air, how we bridge the revenue gap would be anyone’s guess. The answer, people and industry seem to hope, would lie in expanding the tax net. Expand vs Increase… Expand vs Increase… But that record has been playing for a while now to an empty house.

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