Controlled economic collapse... By Tariq
06 June, 2012
Let me congratulate PM Gillani, his cabinet, especially his brilliant finance team for giving us a perfect blue print of what can be called Controlled Flight Into Economic Collapse or CFIEC, which is similar in aviation to CFIT (Controlled Flight Into Terrain). This is likely to develop from a theory into a law, provided there is no timely intervention to reverse this project by elements stung with loyalty cum integrity and ethics bug.
The main features of this economic theory are:
1- Poor governance to cripple the state industry, by denying it cheap electrical power or no power at all.
2-Putting unqualified cronies to head state enterprises so that they can bleed them effectively.
3- Ensuring that only those who have split loyalties and hold dual nationalities or residential status head the helm of affairs especially in the FBR, State Bank, NB, NEPRA etc.
4- Depreciation of local currency and rising domestic and foreign debt by so that the country is pushed successfully on the verge of default.
5- Creating ethnic polarisation so that no effort could be made on a united federal front to create unity and sense of purpose.
6- Making imports escalate, while exports are drastically reduced by destroying local industry.
7- Allow law and order to deteriorate in major financial hubs like Karachi, Faisalabad, Lahore, Hyderabad, Peshawar and Quetta so that no cohesive attempt for economic revival become successful.
8-Destroy all state-run health, education, public transport, roads and alternate power generation development projects by subversive bureaucratic measures and political intrigues such as creation of new provinces.
9- Ensuring that flight of capital exceeds the quantum of foreign exchange repatriated by expatriates creating trade imbalance.
10- Destroying and annihilating accountability systems and to make all efforts to defy the judiciary if it intervenes to create hurdles in attaining the aforementioned objective of CFIEC.
MALIK TARIQ ALI