Articles

Malaise of mounting debt

Huzaima Bukhari & Dr Ikramul Haq The central government’s debt, excluding its liabilities, increased to Rs. 34.48 trillion by the end of May 2020—Central GovernmentDebt, State Bank of Pakistan (SBP). In the midst of fighting economic toll of Covid-19 endemic,…

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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…

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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