We need a concerted effort to bring together emaciated progressives, win over the centrists and then liberate the youthful mass taken in by the hateful sloganeering of various shares of rightists.
The only major difference during their recent stints in office is that Miftah did a deal with the IMF as soon as he was made finance minister, while Dar dithered and put off the inevitable.
This is true irrespective of whoever is the finance minister. Certain liberal segments are convinced that all would be well if Miftah Ismail had not been replaced by Ishaq Dar at the helm of the PDM’s economic wheel.
So we trundle along towards a genuine nazuk daur (critical period). I am not talking about the one which our (predominantly uniformed) ruling class has been threatening us with since 1947 — the basis for the obsolete militarised, rentier state logic that finally appears to be running aground.
Lest anyone has forgotten, ours is an exceedingly youthful population; 150 million young people cannot bide time forever through illicit/informal means and/or the gig economy.
Unless there is fundamental transformation of the debt-fuelled formal economy, default and/or stagflation will hit us soon
Indeed, the most viable short-term prognosis is that economy, society and polity will continue to implode.
In sum, the downward spiral shows no sign of relenting.
All the shenanigans will only result in a measly tranche of $1.2 billion, almost all of which will go straight back out of our coffers to meet existing debt repayments.
shenanigans
The most recent iteration of this merry-go-round saw the government going through the motions of farcical parliamentary legislation to levy yet more indirect taxes on a helpless populace.
czars
cobbled streets
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