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Estranged bedfellows

Huzaima Bukhari “Unsay jo kehnay gaye thay, Faiz jan sadqa kiay, unkahi he reh gayee who baat sub baton kay baad ”—Faiz Ahmed Faiz What we went to say to them with all sincerity Faiz, that alone remained unsaid despite…

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Critique of extractive capitalism—II Surplus, wealth circulation & human development

  Dr. Ikramul Haq Modern economic systems continue to operate on a foundational assumption: accumulation drives growth. Wealth concentration is often portrayed as a necessary by-product of innovation, efficiency and productivity. Nevertheless, contemporary evidence increasingly suggests that excessive accumulation (extreme…

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Critique of extractive capitalism—I Growth, inequality & insecurity

    Dr. Ikramul Haq   Modern capitalism has become extractive, concentrating wealth and generating insecurity. Traditional socialism also failed to protect individual autonomy. A humanistic economic framework is needed—one that promotes cooperation, economic security and development of human potential….

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