Sunday, October 12, 2014

Is Pakistan Capitalist?

Pakistan is a capitalist country in a sense that it has a market economy, a financial system which issues credit money (means most of the money supply do not exists physically but only artificially), and a state bank to regulate it & print the physical stock of money (M0) without the backing of gold... Additionally Pakistan has a stock market, money & capital market, a so called democratic order, a corporate sponsored private media, a civil society and educational institutions which are designed to produce workforce for the above mentioned institutions etc.

Over and above Pakistan takes loan from IMF and in turn accept neo-liberal terms like privatization of public sector, removal of subsidies, etc. However on the other hand according to SBP reports less than 10% of Pakistani population has bank accounts. This means vast majority of Pakistani population, which is also largely religious, is not directly connected to this capitalist order. These institutions were installed in this region during the period of colonization and the Britishers compelled the population to serve these.

This was done so forcefully that the traditional institution of bazaar, waqf, madresah etc. all went into the background, and the general public had no choice left to work for the institutions brought by colonial forces, turning everything upside down in words of Ernest Gellner. After some generations, despite the fact that only a minority of Pakistan directly works for these institutions, they still dominates the social, economic and political order, hence making Pakistan a capitalist country, but not in the same sense the western world is capitalist in nature.
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Sunday, September 28, 2014

The Difference between Scientific & Religious Approach

By Omar Javaid

The scientific approach incorporates rational and empirical analysis to reach to conclusions. Being rational scientific approach look for empirically verifiable causes of anything which happens or exists. Like the creation of the universe, world, life, and every thing else. Scientific method takes the falsification approach to disprove the claims made by previous scientists, and accepts a claim until it’s falsified with evidence. In this context any claim which isn't falsifiable like religious narrative about the nature of world, life & its purpose, the Creator & its characteristics, and the life after death or judgment day etc. is rather termed as superstitious by science.

Religion on the other hand considers revelation or wahi and its interpretation by the prophets to be the final authority. All answered given by divine scriptures and the prophets regarding the questions about life, death and this world or the next one will be considered definitive. Religion however does not restrict the use of logic and experience until and unless they remains within the prescribed boundaries and facilitates in the process of submission to the divine will. In view of Quran a person is only intelligent if he recognizes the truth as described in Quran itself and uses his observations of the world to further strengthen his belief. This however is an absurdity in the light of scientific approach.