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Oppressive taxes & rich-poor divide

Dr. Ikramul Haq The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population—Oxfam’s report, ‘Time to Care’, published on 20 January 2020. In Pakistan, the average net worth of…

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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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