I am the same age as Pakistan; regrettably, my age group has failed the youth of today; it is they who now must wrest the power away from us. The first issue to recognise is that the state of any economy is the outcome of the distribution of the resources in proportion to the power various states and other functionaries can exert at a point in time.

If we observe various societies over history, the best or golden periods of various societies are during periods of inclusiveness, which is when the pie grows and there is more for everyone. Over time, societies often become unequal as power tends to concentrate, leading to structural decay and poorer economic results.

Pakistan has a deep-rooted class divide, with roots in our history, which the youth of the day must recognise and strive to dismantle. This cannot be through a violent revolution, as the outcome cannot be predicted – the fall out of an explosion is extremely difficult to control. However, for the youth of today, irrespective of the class divide, technology and means of communication and enhancing ones’ knowledge, there exists an opportunity for the youth to collaborate and remove the divide.

Our biggest problem has been and continues to be bad governance, not any one party or ruler, but a continuing and creeping decay over time. The governments of the day have found it easy to borrow both domestically as well as in foreign exchange. Excessive government borrowing results in a vicious cycle of money........

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