Saving education: “Up in the sky! It’s a bird! It’s a plane! It’s Superman!”
Education is in trouble. Dhammika Perera and other great men with vast repositories of funds and an admirable charitable proclivity may be indeed a great relief to a sector depleted of funds. In fact, from the 1970s, public spending for welfare programmes have plummeted globally, and in Sri Lanka education spending has dropped from 4% of GDP in the 1950-60s to 1.2% in 2022. The era of “trickle-down” economics has justified ending programmes designed to reduce material inequality and brought in its place programmes conducive to capital accumulation, rationalized through arguments that once accumulated, capital would seep into the underbelly of the economy in efficient and effective ways. In doing so, the Thatcherian “dependency” disease would be cured. These policies brought with them heightened wealth disparities and created the likes of Dhammika Perera. It was also the shift towards neoliberalism that ideologically and structurally created a dangerous vacuum into which corporate magnates have stepped in.
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