Ep.227 (Video): 'The Tragedy of Doing Nothing' with Amer Bisat

0:00 Intro 2:22 Paralysis 11:01 Utter Incompetence 14:24 Waiting Game 17:13 Balance of Payments 22:35 Public & Private Debt 26:52 Banking Sector 34:18 Public Sector 42:11 Assistance without Reform 45:54 Threat of Violence We're with Amer Bisat for Episode 227 of The Beirut Banyan. Click to watch: https://youtu.be/tiMYIRS_BbM We discuss his recent Carnegie / Dispatch piece 'The Tragedy of Doing Nothing' and the ongoing political and economic paralysis eroding Lebanese society. Our conversation includes political class incompetence, nonchalance and a mismanaged hard landing collapsing the economy by stealth. We also look at fears of political and economic breakdown resulting in inter-communal violence, and compare the current situation to previous factors that led to civil strife. Amer is a senior fund manager at a global asset management company and a former senior economist at the International Monetary Fund. The article referred to in this episode is linked below: https://carnegie-mec.org/diwan/83012 Help support The Beirut Banyan by contributing via PayPal: https://www.paypal.me/walkbeirut Or donating through our Patreon page: https://www.patreon.com/thebeirutbanyan Subscribe to our podcast from your preferred platform. Follow us on Facebook, Instagram & Twitter: @thebeirutbanyan And check out our website: www.beirutbanyan.com Music by Marc Codsi. Graphics by Sara Tarhini.