This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.theguardian.com/artanddesign/2020/aug/03/lebanese-economy-in-freefall-a-photo-essay
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| The Lebanese economy in freefall – a photo essay | The Lebanese economy in freefall – a photo essay |
| (about 20 hours later) | |
| Photojournalist Achilleas Zavallis travels to Lebanon and finds a country struggling with the effects of economic decline and mismanagement. Inflation is out of control, destroying the spending power of all but a wealthy minority | Photojournalist Achilleas Zavallis travels to Lebanon and finds a country struggling with the effects of economic decline and mismanagement. Inflation is out of control, destroying the spending power of all but a wealthy minority |
| Lebanon has long been a country that somehow held it together. Through war, insurrection, chaos and intervention, it always prevailed. It remains a country of contrasting realities, but it is steadily becoming a place where dreams died. Beirut long ago lost its claim to be the Levantine equivalent of Paris. Its vibrant nightlife has been dulled by an economic implosion, its skyline disappears into darkness as we drive to my hotel at night. | Lebanon has long been a country that somehow held it together. Through war, insurrection, chaos and intervention, it always prevailed. It remains a country of contrasting realities, but it is steadily becoming a place where dreams died. Beirut long ago lost its claim to be the Levantine equivalent of Paris. Its vibrant nightlife has been dulled by an economic implosion, its skyline disappears into darkness as we drive to my hotel at night. |
| With the power grid functioning only two to four hours a day, there are no traffic lights to guide us. Buildings seem empty, or abandoned. Car headlights illuminate a couple walking along an empty street. The centrepiece of the city’s shopping and nightlife, Hamra Street, is deserted. | With the power grid functioning only two to four hours a day, there are no traffic lights to guide us. Buildings seem empty, or abandoned. Car headlights illuminate a couple walking along an empty street. The centrepiece of the city’s shopping and nightlife, Hamra Street, is deserted. |
| A Johnnie Walker promotional statue overlooks a resort on the outskirts of Batroun. | A Johnnie Walker promotional statue overlooks a resort on the outskirts of Batroun. |
| The shattered window of a recently closed bar in the commercial centre of Beirut. | The shattered window of a recently closed bar in the commercial centre of Beirut. |
| The Lebanese economy is in freefall, plunging much of the country’s population into poverty. They are railing against a dysfunctional government. | The Lebanese economy is in freefall, plunging much of the country’s population into poverty. They are railing against a dysfunctional government. |
| Chronic mismanagement by consecutive governments, complex patronage systems that formed after the end of the civil war and so-called creative engineering on behalf of the Lebanese Central Bank resulting in what many call “a government-run Ponzi scheme” are at the heart of the implosion. | Chronic mismanagement by consecutive governments, complex patronage systems that formed after the end of the civil war and so-called creative engineering on behalf of the Lebanese Central Bank resulting in what many call “a government-run Ponzi scheme” are at the heart of the implosion. |
| With negotiations on the terms of an IMF rescue failing, the Lebanese pound, which was once pegged to the dollar, has lost 80% of its value. | With negotiations on the terms of an IMF rescue failing, the Lebanese pound, which was once pegged to the dollar, has lost 80% of its value. |
| Hyperinflation has destroyed the spending power of all but a wealthy minority. Ali al Hassan, a retired junior army officer, found his monthly pension of $700 had plunged in value to little more than $100. Bread prices have increased by a third and meat is off the menu even for the Lebanese armed forces, who can no longer afford it. | Hyperinflation has destroyed the spending power of all but a wealthy minority. Ali al Hassan, a retired junior army officer, found his monthly pension of $700 had plunged in value to little more than $100. Bread prices have increased by a third and meat is off the menu even for the Lebanese armed forces, who can no longer afford it. |
| Ali is one of thousands who saw their income disintegrate over the past few months and came to Martyrs’ Square demonstrating against a proposal by the government to introduce an added tax on whatever was left from his pension. | Ali is one of thousands who saw their income disintegrate over the past few months and came to Martyrs’ Square demonstrating against a proposal by the government to introduce an added tax on whatever was left from his pension. |
| A demonstration in Martyrs’ Square last month. People are gathering in support of pensioners of the Lebanese armed forces, whose pensions fell from $800-$1,000 to $150-$200. | A demonstration in Martyrs’ Square last month. People are gathering in support of pensioners of the Lebanese armed forces, whose pensions fell from $800-$1,000 to $150-$200. |
| During the day the square turns into a car park. But in the afternoons it is packed with protesters of all ages, who blame the government and banks. A block away, a woman walks with her son through the empty corridors of a once busy luxury mall in central Beirut. Shops and banks have reinforced their windows with metal security bars. | During the day the square turns into a car park. But in the afternoons it is packed with protesters of all ages, who blame the government and banks. A block away, a woman walks with her son through the empty corridors of a once busy luxury mall in central Beirut. Shops and banks have reinforced their windows with metal security bars. |
| A closed branch of AM BANK in central Beirut. | A closed branch of AM BANK in central Beirut. |
| Heading towards the national theatre where we are meeting its director, Nidal Achkar, I can’t stop thinking about 3 July. That day was marked by two suicides: one man shot himself in one of the busiest streets of Hamra, on the pavement outside the entrance to the theatre. Another hanged himself near the southern city of Sidon. Both deaths were linked to the economic collapse. | Heading towards the national theatre where we are meeting its director, Nidal Achkar, I can’t stop thinking about 3 July. That day was marked by two suicides: one man shot himself in one of the busiest streets of Hamra, on the pavement outside the entrance to the theatre. Another hanged himself near the southern city of Sidon. Both deaths were linked to the economic collapse. |
| The actor and theatre director Nidal Al Achkar at her theatre in central Beirut. | The actor and theatre director Nidal Al Achkar at her theatre in central Beirut. |
| “When the war finished … people didn’t sit around a table and ask themselves questions,” said Achkar. “Money, power and religion, they have worked together for hundreds of years. If one falls, the other will pick them up. It’s a world built on sectarianism and family traditions, not ideas that look to the future, but those that tie them to the past.” I ask her to look in a mirror so I can take a portrait of her. | “When the war finished … people didn’t sit around a table and ask themselves questions,” said Achkar. “Money, power and religion, they have worked together for hundreds of years. If one falls, the other will pick them up. It’s a world built on sectarianism and family traditions, not ideas that look to the future, but those that tie them to the past.” I ask her to look in a mirror so I can take a portrait of her. |
| Private generator cables and switchboards in the centre of Aakkar; and a set of generators in Beirut. | Private generator cables and switchboards in the centre of Aakkar; and a set of generators in Beirut. |
| In the gathering dark, a generator man who sells additional power to homes darkened by city power cuts is struggling to make ends meet. “People can’t afford to pay,” he says. “One third of the 1,200 households I provide electricity to haven’t paid for the past two months. | In the gathering dark, a generator man who sells additional power to homes darkened by city power cuts is struggling to make ends meet. “People can’t afford to pay,” he says. “One third of the 1,200 households I provide electricity to haven’t paid for the past two months. |
| “I can’t cut them off but I must also get paid. It’s a back and forth. I cut the power for 15-20 minutes as a reminder. They come and pay what they can. Last month I ended up putting 12m lira of my own money in order to buy spare parts for one of my generators. This month I am looking at a 20m lira loss. Something needs to change because this cannot continue.” | |
| • Darkened buildings in central Beirut at night. Electricity from the government works only for two to four hours a day | • Darkened buildings in central Beirut at night. Electricity from the government works only for two to four hours a day |