Not so long ago, Sri Lanka was stereotypically portrayed as a stable, model democracy inhabited by friendly and fun-loving natives; a place in the sun reserved for enjoyment; an oasis in the so called (poverty and disease ridden) ‘Third World’; a virtual paradise for tourists and natives alike. In reality, Sri Lanka has seen the burgeoning of revolutionary struggles and nationalist fervour, from putschist attempts to capture state power to liberation and self-determination. The author argues that it is the model of parliamentary democracy that is largely responsible for the ethnic violence and bloodshed on this island. It ensured the rise of the post-colonial political elite who then ensured that all the hegemonic tendencies of colonialism were preserved and entrenched. It is imperative for shaping viable futures for Sri Lanka that a new ethics and moral code of good governance – which includes transparency in government and politics – is initiated.