How Corruption Led to Lebanon's Brutal Collapse

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Published 2023-06-20
Lebanon is currently going through the worst economic crisis the world has seen in 150 years according to the World Bank. Citizens are locked out of their own bank accounts, the currency is collapsing, inflation is soaring and fuel an electricity is hard to come by. But how did this all start? and what is the possible solution to this disaster? In this episode we take a deep dive into the story of the fall of Lebanon.

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Music at 14:32 by Scott Buckley

Outro Track:    • Burn Water - Eunoia (Nostalgic Beauty)  

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Producer: Dagogo Altraide

All Comments (21)
  • @TalkyIsland
    As a Lebanese still living in Lebanon, I want to thank youfor shedding light on the crisis and for such good research effort you putinto the video, one of the best on YouTube.
  • @mg_phopla
    As a South African, seeing how corruption can ruin a country is very scary🙆🏾😩
  • As a Zimbabwean who has lived through the crisis in 2008 and now I know how it feels. Corruption should be treated as a war crime, it has destroyed livelihoods, peoples savings and the perpetrators are walking freely n our society. Thanks for this
  • @lelandunruh7896
    I visited Lebanon in 2018. It was clear even to me, an ignorant foreigner, that things were not on an upward trajectory. And it is such an incredible shame: Lebanon is an amazingly beautiful country with wonderfully sweet and generous people! I hope to someday visit again, rhis time with my wife (who speaks Arabic and French fluently) and children with me.
  • @DrumToTheBassWoop
    This is why corruption should be treated like a war crime, because it damages so much in societies. Democracies always treat corruption like some minor crime, yet its damages so many lives.
  • @EconomicsExplained
    One of the most tragic things about this whole situation is how all other issues have been overshadowed by the explosion in Beirut. I remember researching this and all anybody wanted to talk about was that disaster because it made better headlines. Great video as always mate.
  • I'm a Lebanese who immigrated right after the 2019 crisis began in early 2020 and is now in Canada as a permanent resident. Thank you so much for shedding light on this as a big channel. My friends who are still there are going through so much BS, many of which were directly affected by the explosion and lost tons of money in the economic crisis.
  • @davidr4523
    Excellent video Dagogo Altraide! As someone who has traveled to Lebanon many times, several thoughts on brutal collapse of Lebanon besides just the obvious political corruption. 1. Allowing Hezbollah to be welcomed into Lebanon's political structure just to fight a proxy war with Israel was a massive mistake that resulted in several of wars. 2. No reinvestment was made back into Lebanon's infrastructure. Road, power, hospitals and sewage . The Mediterranean Sea is so polluted in Lebanon that the tourist will never come back. 3. If you are in the Arab world, why travel or invest in Lebanon when Dubai is a much, much better alternative?
  • @hyroproto4364
    As a Sri Lankan, we faced the exact same thing not so long ago. For us, things have gotten a lot better now. Everything is slowly coming back to normal again. Prices are still a bit high.. but gas, electricity & all the other essential services are working 100% & without any shortages... Tourists are coming back... & people are starting to enjoy life again
  • @alwalude
    Thank you Dagogo for shedding light on the Lebanese crisis. I’m Lebanese and I had to leave Lebanon 4 years ago because I didn’t want to be a financial burden to my parents.
  • @meb5205
    My heart bleeds for Lebanon. I wish them a speedy recovery from Morocco.
  • @christiankhouri
    I'm the son of a Lebanese immigrant to the US, and... I've been scared to watch this. Our family in Lebanon tend to ignore or avoid talking about serious matters, and it's sometimes terrifying to consider whether they're hiding how bad their situation is. While I doubt they truly struggle (most of our relatives still in the country are near or in retirement age, and had support many others didn't), this coverage all but confirms that. Everyone I've met in the country has been incredibly positive and resilient, but that can only go so far... Given the time in Lebanon and with family friends, there are two points I believe this video could have covered better, though I'll acknowledge this may only pertain to certain parts of Lebanon. First, resources like electricity have been in scarcity for much longer than the recent downturn. Over 10+ years, I cannot recall a single time we visited someone and the power did not fail multiple times. IIrc they eventually began paying two electricity bills, one for general power and one for some of a local generator's backup power. Similarly, people have been leaving for much longer as well. My father was one of a group who immigrated about 30 years ago, and by 2020 only a single family member under 40 remained in the country, everyone else having left for opportunities in countries like Dubai or the aforementioned US. We actually first got news of the explosion from a cousin living with us before he got a job in Switzerland. None of this is to say that your coverage is incorrect, nor that these problems haven't intensified, rather that cracks began to form a long time ago. I'm grateful for your coverage on the state of Lebanon, and hope we'll eventually see positive change again.
  • Lebanon's politicans did not just stand by and watch. They were the primary cause of the collapse, and they remain the reason why things continue to get worse.
  • @Raychu150
    As Venezuelan, this hit me hard, you're describing almost the same story that happened to us. It's been 10 years since I left, and I don't ever see me coming back. I feel their pain and frustration. Be strong, Lebanese people.
  • I am first generation Lebanese American. I Have gone back and forth to Lebanon since I was a child even until now at 40 years of age. The recent events have crushed my dreams of ever retiring there. I feel terrible for my family, my wife’s family and friends that are practically prisoners in their own country. There are just way too many relatives to help and no matter how much we try we feel like we aren’t doing enough. I hate the government there they all need to be removed from power and trialed. Thank you ColdFusion for making this video and brining some light to what was once known as the Paris of the Middle East 😢.
  • @SamTheMan666
    As a South African this hits very close to home, I have no hope or faith in my government because they've shown time and time again that they're always investigating corruption but nothing ever gets done about it, the government has got very warm hands since they're always sitting on them for the entirety of this video I've had my jaw to the floor because I fear this happening here
  • @dannybelmona4820
    I'm Lebanese American and most of my family are still in Lebanon. We send them whatever we can to help them survive this tragedy. I truly don't know how those who don't have family out of the country are surviving. I've been a subscriber of yours for over 7 years ago. I appreciate you for all the educational videos and especially for talking about this crisis. You got everything right and it's truly amazing how much time and effort you put into these videos.
  • @gilbertgemayel
    As a Lebanese still living in this country and refusing to leave I thank you for your efforts this gives me hope to keep going . The documentary is spot on. Great work as always
  • @ofrikalif4938
    As lebanon's southern neighbor, I wish lebanon to be an indepandent country without corrupt leader and without being controled by a proxy of Iran. We don't need wars, we need prosperity.