Sri Lanka’s presidential election is being held today amid an unprecedented breakup of the country’s establishment parties and a deepening social and economic crisis.

The establishment parties, who are all committed to the austerity measures demanded by the International Monetary Fund, are confronting growing mass anger and frustration over worsening poverty and social conditions. These explosive political issues will only intensify whoever wins the election.

Sri Lankan President Ranil Wickremesinghe at a public rally in Colombo, Sri Lanka, August 28, 2024 [AP Photo/Eranga Jayawardena]

Such is the depth of political disaffection that media pundits are predicting that no candidate will obtain more than 50 percent of the first preference votes required to win the powerful executive presidency outright. The counting of second and third preferences has not occurred in any of the eight previous Sri Lankan presidential ballots.

A nervous editorial on September 15 in the Colombo-based Sunday Times stated: “No longer are Sri Lankan voting patterns calcified into political parties. No longer is the electorate rigidly partisan in their allegiance to the two main parties of the past, the UNP [United National Party] and the SLFP [Sri Lanka Freedom Party]. These are now out of contention. Even in the North, there is no monolith party, and the Left parties are all over the place. Votes are therefore going to get so scattered that a winner is difficult to predict. The only certainty seems to be that no candidate is likely to win outright in the first round of counting.”

The political uncertainty is because all the major parties of the establishment—Wickremesinghe’s UNP, the main opposition Samagi Jana Balawegaya (SJB), the Sri Lanka Podujana Peramuna (SLPP) and the Janatha Vimukthi Peramuna (JVP)—are deeply discredited due to their involvement in the decades of brutal assaults on the social and democratic rights of the masses.

The JVP, which is contesting the election through its electoral front, the National People’s Power (NPP), is trying to exploit the popular anger towards the traditional ruling class parties, claiming that its government would make a “change” by eliminating corruption. NPP candidate Anura Kumara Dissanayake, however, has reassured big business and key sections of the state apparatus that if elected he will implement the IMF’s demands.

From the left US Embassy’s political officer Matthew Hinson, Ambassador Julie Chung, JVP leader Anura Kumara Dissanayake and JVP Propaganda Secretary Vijitha Herath during the meeting at JVP head office on 19 October, 2023. [Photo: X/Twitter @anuradisanayake]

Nothing has been resolved for the working class and the urban and rural poor since mass protests in April‒July 2022 over the shortages of petrol, cooking gas and extended electricity blackouts brought down President Gotabaya Rajapakse and his government. In fact, the social conditions confronting ordinary Sri Lankans have drastically worsened with millions more thrown into extreme poverty and social uncertainty.

The World Bank Update: Bridges to Recovery report issued on April 2 exposes the bogus “economic recovery” claims of Wickremesinghe and his administration. It reveals sharp increases in poverty over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 or more than a quarter of the population.

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