Sri Lanka's 'Green New Deal' Brings Poverty, Starvation, and Chaos

Tech tycoons Chamath Palihapitiya and David Sacks discussed how "Green New Deal" policies promoted by the World Bank, IMF, and Davos destroyed Sri Lanka on the latest episode of the "All In" podcast.

On the latest episode of the All In podcast released last Thursday, tech billionaire and CEO of Social Capital, Chamath Palihapitiya, who is a Sri Lankan-born Canadian and American citizen, discussed the collapse of Sri Lanka with PayPal Mafia member and co-host, David Sacks.

Palihapitiya told Sacks, “Somewhere along the way the leadership of Sri Lanka decided that they were woke and so they enforced every farmer to go organic.”

“The problem with going organic and organic fertilizer was all the small farms shut down, all of the large farms had 20 to 30 percent crop yield reductions, and the prices of food went crazy.”

“What they found as they tried to go woke,” he said, “they went broke.”