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The common good, market economy and politics By Kumudu Kusum Kumara

( The following article was originally published in The Island on 8th and 9th of February 2005 under the name Citizen-Ordinary. The article was written in response to the proposals made by the then Leader of the Opposition, Ranil Wickremesinghe inviting public discussion on what should be the ‘podu yahapatha’ or the common good of Sri Lanka. The gist of the proposals was that our common good should be based on democracy and the market economy. The issues raised in this article as to whether we want to accept the market as the guiding principle of our collective life are more relevant today when Ranil Wickremesinghe is the Prime Minister of the country and is at the helm implementing market driven reforms in the economy. The original article is republished here sans only the specific references to the then political context.)

The market as a legitimate part of the economy has also come to stay even though the manner in which the dominance of it was forced upon us in the post-1977 period has wreaked havoc on the Sri Lankan society, the unfolding of the serious ramifications of which will take a long time to come, as shown by one of its prime examples, the privatized public transport, experienced by the ordinary folk who travel around by bus. The real issue about the market is not whether it can be considered a legitimate partner in the national economy, but whether we want to accept the market as the guiding principle of our collective life.
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