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Poor investment in human capital

Dr. Ikramul Haq & Abdul Rauf Shakoori The Sustainable Development Report 2022 indicates the overall progress towards achieving all 17 sustainable development goals, adopted by all United Nations Organization (UNO) member states in 2015. The report shows that Pakistan’s overall…

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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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