How to solve Pakistan’s economic crisis
As we all are very much aware of what exactly needs to be done in order to help the Pakistani nation get back to its economic roots, we’re still very far from achieving these goals.
The average Pakistani is illiterate, brainwashed, and frankly, not that intelligent.
The fact that most Pakistanis think about going to a “prestigious school” in the hopes of one day becoming a “professional” is evidence enough in itself.
We’re given HORRIBLE advice by our parents, our siblings, our cousins, and our relatives.
And from a very young age too…
“Beta, you have to be SERIOUS about life! Get a good job, find a good wife, and settle down.”
I would rather not have a job I’d grow to hate, and a wife who’d eventually cheat on me and steal my children.
[Says the modern man].
“I’d rather make money via other methods, and spend a few hours of the day with random women whom I won’t ever meet again – even if they secretly father my child.”
The reason for this kind of throwback at the society is self-evident [to see].
Simply because when a 20 something-year-old sees the system for what it is and what his parents have taught him, he gets disappointed, disillusioned and feels extremely defeated.
The only reason a country’s economy grows is the fact that every man has a clear direction in life and can teach his children the subject of financial freedom.
Whereas brown parents (specifically Pakistani parents) teach their kids on how to become a good corporate slave.
Hey, if you’re okay with your enslavement, by all means, keep grinding the pavement until life passes you by.
In the end, you’ll have nothing and no one to blame but yourself for having the amount of regrets you have in life.
By actively choosing to be a sheep, you’ve turned off your potential to become rich and indulgent, and hey, who doesn’t like a shiny Lamborghini?
The world doesn’t have to like you. In fact, the world HATES Muslims (especially if they’re Pakistani)…you just have to do what you do best.
There’s no reason why you shouldn’t be ahead of everyone else. Making stockpiles of money and investing it in smarter ways that further the Pakistani cause.
But you won’t do that until you realize that you HAVE to read books that contain material that offends the 99.9% of the planet. If you can do that, then be ready to become a much more formidable force than anyone can ever see in their lifetime.
The best part about seeing yourself as different is that you don’t have to see yourself as different. You either know you’re different, or you don’t.
A person walking down the street isn’t any better at identifying the personality traits that set them apart from a person living in a cozy condominium just down the street.
In order to believe in your difference of attitude and opinion, you need to have the ‘it’ factor.
That ‘it’ factor involves focusing on one goal and making it something that only you can achieve at any given time.
This goal must be unique to you and ONLY you – anyone else doesn’t matter.
Economically speaking, the best practice only comes forward when we look at things objectively rather than subjectively (Or more accurately a mix of the two).
Even in Koran, when we read verses which go over the economic aspects of Islamic society, they become (for all intents and purposes) strictly objective.
Their goal isn’t to incite an emotional fervor amongst the masses, but rather to highlight the fact that an unjust economic model is unacceptable in the sights of the Creator.
So then how does an average Pakistani break past these obstacles and slew of indifferent economic systems in order to establish a fairer and just one?
The solution isn’t to re-introduce gold-standard currency within the system as an alternative to more mainstream banking system.
It’s simply introducing a gold-standard that works in conjunction with the modern banking system in order to reduce the unjust inflammation in the markets and help the economically downtrodden, get back on their feet.
Capitalism obviously doesn’t provide such a benevolent system, to begin with.
It has more to do with survival of the fittest rather than survival of the most just.
No matter how you slice the pie, you only get one conclusion from this philosophical banter that engulfs the current generation of Pakistanis.
Can Capitalism be used for good? Absolutely it can!
Capitalism is one of the few systems in the world that encourages brutal competition for all men and women.
The better you make yourself, the better you’ll do in the system. However, it shouldn’t be exploited by making the rich even richer by devaluing the currency of exchange.
A more just and prosperous model is to allow the currency to circulate frequently throughout the country’s borders.
If the paper fiat currency seems a little fragile, then introduce plastic coated notes which don’t deteriorate as easily and educate people in matters of smarter money management.
Is then Capitalism the panacea to economic hunger?
Yes, and no.
Let’s begin with the ‘no’ first.
The no comes in when we look at the following factors:
- Capitalism encourages survival of the fittest model when we already know that model isn’t required anymore (read: technological advancements)
- Capitalism is a failed system on the basis that it fails to provide the basic fundamental human rights to the general public of a country
- Capitalism is a feudal system that seeks to suffocate the weak to death whereas rewarding the strong
- Capitalism breeds psychopaths who’ll do anything to get their hands on other people’s wealth (Read: George Soros)
- Capitalism has harbored unprecedented levels of war, destruction, genocide and 2 world wars (we’re already on the brink of a third one!)
As you can see, Capitalism isn’t exactly the ideal candidate for growing the moral fundamentals of a society.
It isn’t a just model, it’s a model that “gets results” for those in control, no matter how immoral or destructive they may be.
The ‘yes’ part entails the following:
- Capitalism allows for a creative pursuit for people of all walks of life
- Capitalism incites survival of the fittest, so people will do their utmost best in any situation
- Capitalism brings out the best in people when used as a vehicle to generate wealth and resources in the short term
- Capitalism is the most effective way of ensuring continued growth of an economy through periodic cycles of boom and bust
Equally as important to notice is that fact that Capitalism has as many positives as it has negatives.
Though, its nature is like that of an alcoholic drink, it must be stated here that Capitalism isn’t the most efficient engine of growth over the long term or sustainable periods of time.
In order for a long-term system to exist it must exhibit at least 6 of the 7 fundamental values of any economic model:
- It has to be just
- It has to be sustainable through recycling of the money through the society
- It has to ensure that no one can manipulate the system in order to hurt other people
- It has to be a model that can be sustained over a long period of time – infinity
- It has to allow for exponential growth of an individual and as well as the collective economy of a society
- It has to display a benevolent characteristic where it’ll sustain anyone who’s observing the system from the outside
- It has to be global in nature, meaning that anyone should be able to implement it with ease and reap the rewards it brings
As we can see Capitalism only displays 2 of these characteristics.
I’ll let you guess which ones….
An alternative economic model
As defined in the Koran, such an economic model is not only possible but also existed in the 6th century BCE.
Caliph Omar (RA) displayed what a just economic model looks like by implementing all 7 criteria of the economic model listed above.
He not only implemented the 7 characteristics but also expanded on them on a more detailed subject matter (a topic for a later discourse).
Of course, this economic model can only be implemented if it meets 6/7 of the characteristics of a sustainable, and just economy.
The implementation of this economic model can be very tricky to understand at first…
But rest assured it’s not very difficult to implement. It’s difficult to implement for the landlords of course because it threatens their hegemonic takeover of the people’s lands.
If all of us collectively as individuals (quite a contradictory concept!) understand our WHY then we’ll have absolutely no difficulty in seeing our world from a more empathetic point of view.
Which is the point of a just economy in the first place!
This alternative economic model can never exist in the place of psychopathy and indifference. That’s one of the hardest conditions and limitations for most people of the world to accept – unfortunately.
Economic reformation of the State Bank of Pakistan
In order to economically reform the State Bank of Pakistan, one must understand the purpose for which the State Bank was created.
As we all know, the State Bank was created under the auspices of the great leader Muhammad Ali Jinnah.
He created this bank in order to present the world with an experimentative model that’ll successfully implement an economic model that is sustainable over the long term while at the same time being very just in nature.
When the Koran declares ‘war’ on interest-based economies, it does so with good reason.
That reason is that it leaves the wealthy people with all the wealth and resources in the land, while at the same time impoverishing the rest of the populace.
Such a system is unacceptable for Koran, and also the great leader Muhammad Ali Jinnah.
We can go back to those roots BUT, only if they’re clearly defined and we collectively as individuals (that pesky English idiom again!) clearly understand the WHY of this system’s existence.
The whole mess created in Pakistan in the first place arises from the fact that there’s too much confusion among the masses about which economic model they should implement.
The current banking model under way in Pakistan is extremely unjust and follows the footsteps of brutal Capitalism where landlords control most of the wealth and resources of the country.
Such a model is classic feudalism which undermines the democratic power (if we are to use that term slightly more freely) of a country and replaces it with chaos and injustice.
To reform the State Bank of Pakistan, the Pakistanis working in the State Bank itself can implement these WHYs in their daily lives:
- Ask yourself why are you coming to work?
- Ask yourself why are you perpetuating Capitalism, when our Quaid has already given us our direction?
- Ask yourself why is the State Bank responsible for the safety of the wealth and happiness of an average Pakistani citizen?
- Ask yourself why is it important for you to keep working in an environment that’s inherently destructive to you and the average Pakistani citizen?
- Ask yourself why must you continue to work under bosses that berate and belittle you when you can easily mount a mutiny and demand reprieve?
See, if you can’t do these things, then rest assured, the unjust economy will keep eating Pakistan alive.
The sooner each of us realizes what we need to do in order to implement a juster economic model, the sooner we can get Pakistan’s economy back on track.
Another question to ask ourselves is why are our leaders purposefully making the great country of Pakistan a hellish place to live in?
Why are they forcing people to leave Pakistan and abandon their well-settled homes?
Why are they taking over property that doesn’t belong to them in the first place?
The answer is inherently simple: it’s due to the hegemony of psychopaths like George Soros who’re continuously blackmailing and arm-twisting our leaders into submission.
These psychopaths cannot be allowed to succeed or “remake” the world in their own image.
They seek to destroy the world and burn all of its resources to oblivion than to allow the “little guy” to live a happy life as well.
They want to see the average world citizen burn in agony and suffer the consequence of not having enough resources, and stupidity.
So what can an average Pakistani citizen like ‘you’ can do?
Easy, start by understanding what an economic model really is.
What does it represent, and what it does to keep a society functional.
Read more books on financial management and asset allocation that can help you understand the depth and the width of this phenomenon.
Playing games or burning each other’s tail all day long won’t get you the results you seek.
You must be willing to seek knowledge and then perpetuate it around you as well.
Helping others seek out their purpose and their WHY in this world and living it as well.
The inherent human nature is to help others. That’s how we get ultimate form of satisfaction.
Help others by first helping yourself see the gravity of your situation and coming to grips with it.
And then in good faith extending your hand towards helping your fellow human being live at par to where you’re already living.