Why IMF policies have failed Pakistan
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- Опубліковано 3 бер 2024
- Poverty is going up, growth is coming down. The cost of living is going up and unemployment is climbing. Pakistan is implementing IMF policies but conditions are getting worse. Why is this happening? Dr. Taimur Rahman explains in simple language.
ڈاکٹر صاحب ویلڈن بہت ہی عمدہ تجزیہ کیا اس کے علاوہ معاشی اور انتظامی اصلاحات کی اشد ضرورت ہے.. مثلاً.
بنیادی معاشی اصلاحات.
#١. پاکستان کو دفاعی ریاست کے بجائے پیداواری ریاست بنائی جائے.
#٢. وسائل کی منصفانہ تقسیم،
اسٹبلشمینٹ سیاست دانوں سول اور فوجی بیوروکریسی کے تمام مراعات مفت زمینیں پٹرول گیس بجلی درجنوں گاڑیاں خدمتگار سب ختم کریں.
George Foreman's "Land Value Tax" (LVT) is the answer to every problem on raising public revenue. Abolish Income Tax, GST, VAT, Octroi, everything. LVT be levied by local community at the grassroots. State at the top must depend on community (Panchayat, Wards) for funds. That's real Spiritualism : Not to encourage PRIVATE ownership of LAND and other natural resources. Since abolishing private ownership is herculian task, tax it. LVT is tax on ownership as such, not land development. This would be genuine sustainable public revenue management. Community must spend on public goods and services from LVT funds. State must be content with watching from a distance. Keep state at bay!
Lot to learn from Professor Taimur, with admiration from India.
True
Very Insightful
Thank you so much Sir
well done sir
what a realistic narration.
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Thank you for explaining the economy in terms understandable to a common man. When industrial development is undertaken by the state, nation flourishes. However, when it is carried out by multinational corporations, a country moves towards debt and default.
Very good and useful lecture. This should be part of our basic education in schools and colleges, specially the history of development effecting Pakistan's economy.
Great debate,clear and logical
With due respect Dr Saab, I think Pakistan is not a country compatible with IMF, because IMF to support minor to moderate leakage of capitalism specially after 1939. But Pakistani modus operandi is deep routed feudalism economy.
Yes Pak is Feudal Capitalist economy. Industrial Capitalism is better then feudal one. Just look at South Korea, Taiwan, Singapore and recently India also.
All are heavily moderated economies that were extremely closed off to foreign investments. Once they had their industries set up they opened up.@@mujtabaali6431
Salam Sir,
Ap k analysis ka jo historical content hai ..sir naam batadain agar kisee book main hou jo across space analysis de post colonial economies.. took Issues of Pakistani Economy with you in 2013, got a D but well.. Always a fan sir.
Nice❤
What a great discussion and well information 👍🏻 ❤
Bhai. 😂😂😂
Fayda kuch nahi Hoga 😂😂😂
Dear brother your analysis is quite right and factual and every economist know this but the ruling elite, banker finance ministers and political leaders with vested interests knowingly don't want to understand . Only revolutionary minds can operate this model.
Thank you. Help us in this regard my friend. Spread the word.
Well said 😀
Best ❤❤❤
From Boston
India gave real hot spices to Europe...
In return Europe gave us 'chilly' capitalism!
--So chilly that we had half-baked (underdeveloped/ backward) capitalism. Not full, not advanced. Result? Pakistan too.
hahaha good one, I hope we can get back to our spices and real life instead of failed chorism.
@@manhoosnick "Chorism" 😃😃
Another thing to decrease oil dependency is to invest in public transportation and alternatives to driving. I see this point gets overlooked. This also means updating our zoning to allow mix use neighborhoods to be build, so that people don't have to drive everywhere just to buy the basic things, they can easily walk to their destinations. Societies like DHA force people to drive to get anything.
This can also help people ditch their cars which will further decrease burden on import.
this is good for climate change also
What a great session 😊😊
No "political science" professor is as erudite, eloquent, articulate in "economics" at the same time as Dr.Taimur. Plus he is holistic, all round. Otherwise almost all political science professors see only "political" side as core and all economists see only "economic" aspect as the core of any given problem or issue. I mean they're diehard divisive, divided, separated --hence becoming estranged. The result is no meaningful solution though they pose as "Solution Provider" expert consultants & advisers. With Dr.Taimur it's different. Foreign university education (great rigor) and reading Karl Marx by heart --these two elements contributed to his brilliant understanding. I guess he didn't have interest in cricket or hockey, but ask him to lecture on any branch of philosophy or philosopher, his flair in acquired wisdom shows up his hard work in developing this trait as well. He can wrestle with Hegel & Hegelian dialectics too. 😂😂. Even Nassim Nicholas Taleb professedly keeps Hegal studies at bay! Jenab Taimur seems to have best understood Hegel. He's wise. He studied Marx's tutor Hegel first. Marx came naturally to him. Listen to each and every sentence uttered by him. A sort of "Uljhan" (contradictions) inbuilt in all phenomena of the world gets crystally clear highlighted to the reader which is a great job. Otherwise a normal professor would tell only goody goody things only. I enjoy his lectures and his personna. A kind of teacher whom we as students like and admire.
You are too kind janab. Thank you. What you see is many years of hard work.
@@Taimur_Laal It's obvious and I had already acknowledged.
I have heard Samir Amin, Prabhat Patnaik, Prakash Karat, Vrinda Karat, Irfan Habib, Jyoti Basu, D.Raja, Kanhaiya Kumar, Ravish Kumar, Sitaram Yechuri, Kejriwal. (Dr.Taimur's articulation is in the same league.
syyed muzammil shah, faisal warriach, adeel afzal ko bhi add kar do bhai
@@triveshwasnik88 Except Sayyad Muzzammil Shah. He's articulate but intellectual honesty is incomplete in him. Integrity is doubtful. I watch him closely. So, entire articulation goes waste. He takes sides is not an issue. He hides something is problem. Everytime.
@@mohinderkumar7298All are leftist anti Hindu brigade frustrated that they are thrown into a dustbin and letting their hate towards Modi in general and Hindus in particular. These leftists have gone bonkers and have forgotten how Iranian leftists who supported Khomenie were all butchered by Khomenie...
Yes all left wing.😊
@@arindamsaha735 Left wing means Human Wing. No Right Wing has to exist. No place for it. Might-is-Right / Right-has-Might. Since majority of humans are "left out", therefore, Left Wing becomes de facto Human Wing.
Really good but I think your speech is a little bit technical for people who are not related to this subject.. so plz if you can make your speech a little easier
Power generation biggest joke...
Nawaz Sharif setup imported coal power plant near Sahiwal and said logon ko bijli paida hoti nazar aani chahiye. Jabkay wohi plant karachi me lagatay to coal Karachi se Sahiwal le janay kay expenses save ho jatay kyon bijli to transmission lines se he jani thee..
Taimur Rehman Sahib! U r Rock😎
With due respect… I don’t care about the debate but what made me comment, is the entry image of this video “A lady sitting in mud with here cute and beautiful baby”
That made me feel ashamed to call myself a human …
Msg to the audience:
If there is any humanity left in our society then plz plz help the people in need in anyway possible !!
We as a nation are going through hard tests so if you want to pass the tests to be free and a proud nation than help the people in need even though we risk losing everything by it and stand up against the injustice !!!
Plz let’s wake-up and start behaving like real humans (socialized humans).
A request to the Pakistanis abroad:
Plz every time you sending money to your family and loved ones then send also some amount to the neighbors in need (surely they are some) … this act will increase your happiness, wealth and respect !!
And Dr saab thanks for educating us!!
Great Facts & Analysis
Is There Anyone In Pakistan Economist Society Listening ?
To Help Out People Get Out Of Vicious Cycle Of Inflation
Or Come Up With Counter Measures To Challenge The above Analysis
Mashallah
What a wonderful teacher.
Only Allah Talla and Maula can teacher
Allah dega
IMF se nikal ke
You guys focus on 5 namaz
4 shadi
3 dozen bachee 😂😂😂
allah dega bhik tmko imf ke through 😂😂😂
Dr. Sahib. Please keep up the good work. Living in the USA, I have often pondered over the issue of property taxes (almost none in Pakistan) and how the loacal/county governments utilize that. Maybe in one of your vlogs you can touch on that as far as applicable to Pakistan.
Instead of a vague property tax, Pakistan should introduce what Grorge Foreman termed "Land Value Tax" (LVT). Google search. USA tried it since 18th C though not succuessfully. Pakustan must do what USA can't and doesn't do. That's the true spirit. It also makes dent on Pakistan's age old Feudalism in villages.
Pakistan's contribution is unique in terms of "Military Merchant Capitalism" (like USA gave us "Military Industrial Complex") -- without which economy couldn't survive.
Great discussion 👍
37:30 --To be honest, in today's perspective, after 76 years, this territory termed Pakistan has to put this question : Did people of Pakistan wage a long freedom struggle against the British before 1947 to reap the fruit of 1947? Isn't Pakistan Mulq a free gift cake thrust upon (not offered to) the people of this region? In comparison to whatever happened in Indian region right from Tipu Sultan till 1940s and through Zafar-Pande-LaxmiBai of 1857 such issue has to be looked into.
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*Promosm* 😇
No depends on IMF , friendly to neibour countries ,
Taimur bhai Adaab🙏 Aap , Khurram bhai ( DAWN ) Shahbaz Rana bhai aur bahut se India ke Behan Bhai bahut Shaandaar kaam kar rehe hain , Badkismati ki baat hai ke aap sab ka yeh kaam " Bhains Ke Aagey Been Bajaney " jaisa hi hai ...☹☹
Very well sir! 👏👏👏
Wo ab TANK se invasion nahi karte, BANK se invasion karte hn😁 true words! Or ap boht ache lag Rahe hn sir MASHAALLAH!
"Finance Fetishism" or credit fetishism of lenders is counterbalanced by the borrower person by wilful default in repayment. Nations/ national governments too follow the same policy while borrowing --without caring for soverign default, whose reality sinks in the mind only when it affects adversely.
economy apki domain hy isi m bhashan diya kryn
Sir
Shahbaz is going to privatise many state led corporations which are heavily suffering in crisis and not money generating at all.
Do you think it would be right decision?
No. Very bad decision.
Jnb sir ap awam main mulak ke logo se rabta krain Pakistan bacho
The basic thing is education...if a country doesn't have good education policy ultimately it will take a country to it's devastation..
Most criminals had good education.
Do you really think our establishment will allow any indigenous party to become so powerful that they make their own financial policies?
Sir! What means of 'laal'.
Laal means Red, Surkh. Red color is symbol of communist party in China and Russia.
Most of the socialist or communist parties use Red color for their recognition.
Communism ka matlab hay malkon ki sari zameenain kami ksmeeno main divide kar do. Wo malkaan peh dobara bech k pese bana lain lol.
Taimoor sahib big jagerdaron k sath ham chote malkan ko b kamiyon k agay agay bhagwaen ge. Bas main jis din lahore aya taimoor sahib ka Guitar toron ga, un ko guitar ziada piyara hay.
R u muslim??
Because in islam there is no concept of superiority except taqwa. Heart wrenching words you have spoked. Khair. Allah toano hidayat davy
@@user-jr2yv9fj8c which words wrenched your heart brother?
"Kami kameen" I am astonished that in the era of digital globalization you still believe in casteism like hindus. Afssos
13:00
The problem with Pakistan is that it's neither an Islamic nation nor a secular one. A muslim feels betrayed and a secular feels oppressed.
The constitution even though is 30% Islamic,but I don't see any Sharia law here.
The majority of Pakistanis don't even take part in elections because they don't believe in the system that has been forced upon them.
45% of voters out of which 30% are clueless choose the leader for the majority.
The biggest problem of Pakistan is its political system that protects the corrupt.
Pakistan needs to return to Islam and apply Sharia law that's the only way forward.
Democracy has failed Pakistan
Democracy of capitalist kind more than anything else defeated democracy itself. Nonetheless it's the best available system. It has 90% fault lines. Still the best. Why? TINA --Their Is No Alternative. But there still is. If only people accepted thr truth. Collective solidarity. Work for the collective good!
The problem with Pakistan is the day it decided to become a nuclear power it became a puppet of America.It made deals Known only to the Army Generals.Now Army cannot survive without America's money and support.Every pm of Pakistan knows this and is okay with it.Imran khan decided to challenge it and so is now in jail.America and the Pak Army can't allow any other economic institution to grow as this will make Pakistan independent and free from America.
Sir Pakistan ka saab se bara masala foj hai ..har jaga in logon ne tabahi machai hui hai
Policies of the IMF have been great. But Pakistan in every aspect circumvented IMF Policies.
Konse Desh ke liye great Raha aap batein. Columbia? Argentina? Brazil? Congo? Gambia? Koi desh toh bata dein aap
Stop blaming the IMF or the politicians if there is to be blame of down fall of Pakistan is the Pakistani army who’s been running Pakistan for the last 75 years. Not the IMF or the politicians runs Pakistan.
Sir half of your vacub is not even making logic for me but explaining very well please put your sight's on crypto and block cain, I want to see your point of view on it
Economy k liye sabse badhiya model singapore ka hai...
china .....
اسلام علیکم سر
آپ کے لیکچرز بہت شوق سے سنتا ہوں اور بہت زیادہ مدد ملتی ہے
سر پلیز اسلامک پولیٹیکل اینڈ اکنامک سسٹم ،
کمپریزن اف کیپیٹلزم اینڈ اسلامک اکنامک سسٹم پر ویڈیو بنا لے
Wat alternative does Pakistan have without IMF loan. They need to think in these lines and these guys keep talking about past history.
Bana liya Islamic Jammoriya Mulk 😢😢😢
Thanks Jinnah for taking these people out of India
We are growing because of your pakistan
Jnb phir Pakistan ke sab political party mulak ke gushman hai
🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳 🙏🙏🙏🙏🙏 RIGHT
Pakistan me alla se bhi jyada popular word imf hai baccha bacha jan gaiya
Respectful sir
Britiisher have given rail way sea port for building for PWD and etc what MuGHAL AND SULTANS did for sub continend although both mugals and sultans didn't do economic drains
As you said Britishers did but all they did was the great things is LOW which in sub continend never any invaders did sir G
Tax on fuel products is too high both in India and Pakistan. IMF has repeatedly advised them to REDUCE it instead of having high price and subsidising it. IMF is right in advising governments to RATIONALISE prices.
Jnb export krna Pakistan ka hal hai
Jnb india ne Pakistan ke river par dam bna lye hai
No job sucidial thought 😭😭
Why IMF has to come to bail out a country? IMF is the only lender when everyone else refuses to lend money. IMF lending is at the lowest interest rate.IMF is not the cause, it is the result of bad deeds .23rd IMF loan in 2024. Don't go to IMF if you have any issue.
Please come out of circular reasoning
Jnb ye economist mulak gushman hai
😂😂😂😂😂 Really??????? The truth is that its the Pakistani Politicians and common Pakistani citizens who are the cause of this failure............ Please stop blaming others for your mistakes
But there are many third world countries in the same situation. It shows that something is going on which is not restricted to the actions of the politicians of a single country.
So it is IMF to blame for Pakistani economy being in a mess? You think playing the victim card will help Pakistan in any way?
To some extent, yes....but it is pakistan's fault, that they allowed IMF to run their economy, because of the greed of elite, their inefficiency and malafied intentions in running the country, and at last the mass, who have accepted and encouraged such elites, while sidelining the patriots of pakistan....
पोकिस्तान एक सच्चा करमचंद देश है🤡
Bogus analysis.
The solution is that not to import luxury items from foreign. And live with simple life . Follow our holy prophet Muhammad sallallah o alaihe wasallam
You guys are making These world HELL to get your seat at JANNAAT n 72 hoor
Why blame others when we follow a hateful terror business.
Graet Bukwas , no solution , mehnut kush tabqa looted steel mill , railways , pia . Get rid of feudals for development .
Atho there is no god in Communism but still, God bless you Taimur sb for this
Communist not believe in god.
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