By Ifty Islam of Asian Tiger Capital
A “patient in intensive care” or a “slow-moving train wreck” – I’m not sure which of these analogies best describes the state of democracy in Bangladesh – maybe both? But there can be little doubt that after a tumultuous 2013, the country’s political system is in trouble and a majority of country’s 160m people are desperate for a solution and end to the mindless violence.
The human tragedy in terms of hundreds of innocent civilians being killed – including many burnt to death by petrol bombs thrown at buses and trucks, and thousands injured, has been horrific. But the extent of polarisation between prime minister Sheikh Hasina and opposition leader Khaleda Zia and their increasingly bitter and entrenched “no compromise” mindset is perhaps the most worrisome aspect of the current crisis. Continue reading »