Rising inflation, stagnant wages, and a sluggish economy are the current reality for many countries, but Lebanon shows a collapse of a much greater scale. Lebanon is currently experiencing the worst economic crisis the world has seen in the last 150 years. A third of the population lives below the poverty line, prices are spiraling out of control, and the national currency is devaluing so rapidly that it has already lost over 97% of its value. Citizens are deprived of access to their own bank accounts, and essential resources like fuel and electricity have become luxuries. Lebanon's history is a slow-motion disaster. Everyone saw it coming, but various political forces simply stood by and watched as their country plunged into the abyss.
In this video, we will explain why Lebanon, once called the Switzerland of the Middle East, has become one of the poorest countries in the world.
For advertising inquiries, contact: info@case-ukraine.com.ua
🤝Support our work:
💰Buy us a coffee - https://www.buymeacoffee.com/costua/membership
💰Become a patron https://www.patreon.com/costua
💰Become a sponsor of this channel to support the creation of new videos: https://www.youtube.com/channel/UC0AAh4OM7Ihs8hwk4vcJjtg/join
💰Card transfer https://secure.wayforpay.com/donate/d5e2a1b2ed342
💰 PayPal: jesfor.malukha@gmail.com (mention "for video")
This video is created with the support of the National Endowment for Democracy (NED). NED may not share the views and opinions expressed in the video.
00:00 Introduction
02:49 History
09:22 Independence and Power Sharing
11:49 New Imbalance
14:12 Civil War
18:05 Reconstruction and Clan Apparatus
22:50 Foreign Investments
30:09 Economic Preconditions of the Lebanese Crisis
34:22 Beirut Disaster
36:51 Government Measures and Currency Collapse
43:15 National-Scale Corruption
45:48 The Price of Corruption. Impact on the Population
50:21 Conclusions
#Lebanon #corruption #economy