Home > Global Finance, History, Indian Economy, Politics > Our Man In Pakistan

Our Man In Pakistan

Is USA the cause, the solution or the victim (Cartoonist -  Joel Pett).

Is USA the cause, the solution or the victim (Cartoonist - Joel Pett).

State of the Union

Pakistan is actually 5 parts. First is the army and the ISI combination. Then there are the popular politicians who participate in elections. Add the mullah-madrasa-mujahhid combine with a fundamentalist clergy, various terrorist groups – like JeM, LeT, Al Qaida, various Taliban factions et al make up the third.

The fourth part are the 22 families that control the economy and wealth of Pakistan. Mahbub-ul-Haq’s “22 families” speech in Karachi in 1968 highlighted the power and wealth of a few families in Pakistan.

And bringing up the rear there are the rest. No one in Pakistan talks to anyone. Each has contempt for the other four. And all five have separate agenda.

The benefits of being an American ally (Cartoon by Peter Brookes published by The Times.).

The benefits of being an American ally (Cartoon by Peter Brookes published by The Times.).

During this economic crisis

“In the last two decades Mahbub ul Haq has arguably had a greater impact than anyone else on the lives of the world’s poor … it is the Pakistani economist who, by pioneering the human development revolution, has managed to change both thinking and practice.”

In a famous speech he said,“In the next two decades, almost 90 per cent of the additional population will be born in the Third World….it is a matter of power because that is where the markets are going to be….The real problem has been that the world has moved very fast towards interdependence because of technological revolution, without discovering the institutions of interdependence. Three institutions — an international central bank, a system of international taxation…, and global management of scarce resources of the world (including oceanbeds) will simply have to emerge.” He had clearly anticipated four major challenges of our times — the importance of emerging markets, globalisation and its discontents, sustainable development and the current global economic turmoil in the absence of an effective international economic order …

A landmark in his intellectual life was the “22 families” speech he gave in Karachi in 1968 which highlighted the power and wealth of a few families. It was a summery (sic) indictment of the government from within. (via Putting people before GNP Subir Roy / New Delhi October 31, 2008, 0:58 IST).

He died in 1998. And we are still to do something about the ideas this man left us with. And these observations are true for India as well. He was, our man – in Pakistan.

  1. May 29, 2011 at 3:35 pm

    Globalisation in present form should be resisted as far as possible.. when the currencies of all countries are equal, the globalisation is not possible.. only inter-country trade will exist..

  1. December 5, 2008 at 2:34 pm
  2. September 7, 2009 at 4:36 pm

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