Thursday, May 13, 2010
Why capital and donors are more sympathetic towards dictators?
Pakistan has had most devastating floods in its history but the international community remains totally unmoved unlike the situation after 2005 earthquake. International aid is not pouring in the way it did in the past. As a matter of fact Pakistan has more offers of emergency loans that humanitarian aid. And this is democratic dispensation. Not only capital but international donors of the so-called democratic credentials are hesitant to support this set-up. Is this some hypocrisy or dual standards? Did you ever suspect that CAPITAL, the life blood of any economy, is always in league with dictatorial regimes in Pakistan. Whenever there is martial law, there is no IMF, there is stable exchange rate regime, controlled inflation, food, electricity, gas, fuel in abundance. Donors queuing up to lend you money at your terms and grant moratorium on outstanding loans. Your government coffers are overflowing with liquidity. Mega projects, economic growth and all. This is mind-boggling. Can anyone explain this? And if this is true, how would you prosecute donors and the capital under Article 6?
at 9:52 AM