Great lecture sir thanks a lot janab from India 🇮🇳

What a ridiculous session. Every successful country in the modern day has followed privatization and free markets. This includes China! The state owned model failed and the Soviet Union is a prime example. Please name one example of a country in the top 10 economies of the world (G10) that don't have free market systems.

@pagan-540

Жыл бұрын

China. It is not a free market economy. Climate catastrophe is a result of free market economy. GATT, WTO are instruments of capitalist exploitation.

@CaptainAwesomeness

Жыл бұрын

They won't be able to. I haven't watched the whole video yet but I'm perplexed that this channel decided to promote this sheer nonsense.

@CaptainAwesomeness

Жыл бұрын

@@thydarkarts 😂😂😂😂. What a joke!

@CaptainAwesomeness

Жыл бұрын

@@thydarkarts if you had said that the government needs to do actual regulation of these privatized markets instead of allowing them to run the markets like the chaotic jungle it is, then I would agree with you. And that's the only thing I would agree with. Pakistan has no consumer protection or enforcement of any regulation unless it becomes politically convenient for whoever is in government to do so.

@CaptainAwesomeness

Жыл бұрын

@@thydarkarts you people? I don't live in Pakistan buddy. I don't care for seeing the privatized industry of Pakistan turn into Europe, but more like the USA where I live and have seen how privatization has allowed society here to thrive economically, a scenario Pakistan can also do IF the government there actually gets its act together (regardless of who is in power). So it's great that you've pointed out the issues of nepotism in Pakistan. Anyone can do that, but what is the fix?

Worst session till date. Over simplified view. It's not capitalism Vs socialism...it is supposed to be capitalism and socialism both. Some things needs to be privatised to encourage cheap and good services. But at the same time social policy for the poor. UK, Europe, etc are capitalist + socialist.

@nationalist3227

Жыл бұрын

Bhai inko gyan dene ka koi fayda nahi..Gawar kom hai, they are self destroying Pakistan 😂

@ajmalshahzadranjha0048

Жыл бұрын

Almost agreed dear The most happy and stable states now in world are Scandinavian Countries (Denmark, Sweden, Norway etc) whose economy is beautiful amalgamation of Capitalism and Socialism.

@strawberry7799a

Жыл бұрын

It is not possible to mix socialism and capitalism. The central question is who owns the means of production, and what is the MoP being used for. Under capitalism, a few elites own the MoP and produce for profit. Under socialism, the masses own and democratically run the MoP and produce based on need.

@Spectra12

Жыл бұрын

@@ajmalshahzadranjha0048 man you're overy simplifying, Norway is like Qatar but with democracy and Denmark is like japan but with mismanagement. Economic model of countries like Sweden and Finland are not for big population because welfare schemes doesn't bring growth or jobs.

I wait for his lectures. The best guy out there.

A good speaker or scholar has the ability to convincingly answer questions that are raised by the audience. To that end, Mr. Abdul Sattar has performed excellently. He may not be an economist, but is definitely a very qualified journalist with a keen eye on global political and economic affairs. In Pakistan, we need honest and down-to-earth discussions to engage the masses into understanding the fundamentals and to let them freely express their views. While completely prohibiting the privatization process may not be possible legally, Mr Sattar has adequately discussed the underlying issues that have affected industrial productivity. These need to be addressed with integrity. Overall, it was a useful and an interesting talk. Thanks for organizing it.

His sentiments can be respected but he must ask why public institutions don't deliver - it's basically a sign of breakdown of society. Painting private sector as some kind of demon will not work.

look i am not a economic student but as a general working class thinker her are some my points for the country to bee run like Toooo ager applogo kooo lagge keee mee kise cheeze meee ghalat hooo too pher appp correct kareee hume i will divide this into three groups A = woo sectors jisspe 100% govt kaaa control hooo privatizat tooo dor ki baat kise private player kooo uske alag seee buisness kiii bheee permision naaa hoooo kyunke yeee country ki economic, social or national soverinity kelyee bhot bada khatra hoteee hain B = yeee wooo areas hain jiskeee bandeee koooo buniyadi zaroorat hoite hain jisske bager ek aaam insan kelyeee ghar chalna bhot mushkil hota hain yeee private or govt dono kooo chalanee chahyee mger govt koooo bhee iskooo chalana chayeee jese education or health govt school or hospital zaroor honee chahyee kyunkee lekin quality improvment keelyee or job employment keleyee upper middle classs ki affordability kelyeee private bhee hone chahyeee C= or issss category meee meee unn adarooo koooo shamil karoonga jiska govt kooo chalanee kaaaa sawal hee paida nae hooota govt kaaa usss koo run karna wese heee fazool hain soo neeche dekheee A= state bank, stock exchange mining company,energy sector Agriculture sector B= govt school and colleages + private also allowed govt hospitals and private hospitals govt pharmacy govt own airlines+ private own airlines and govt cement and steel plant+ private cement and steel plant C= include all those which the govt shouldt run likeee airports, national parks, railway stations hotels etc Thanks

Question: Why should Privatization be Declared Illegal in Pakistan? (Missing question mark in title, it's ok, it's pakistan 😃) Answer : Because in modern world religion is private matter BUT in pakistan it can not be private matter 😆😆😆 In pakistan religion has to be at start of every statement, has to be on roads, in government, in sports, in foreign relations, in hating Jews and Hnidus and what not. So Privatization must be Declared Illegal in Pakistan. One place where religion can be private in pakistan is answering natures call in the way religion dictates it 😜

@masroorkhalil9655

10 ай бұрын

nooo bro privatization is not bad but look bro in pakistan there are ipp independent power plant which are making elecyricity from fuel and charging us in dollars and in pakistan still there is load shedding and high costly unpayable bijli bills govt should have a control and say on some enterprises to protect the jobs and prices for citizens

What a poor presentation and worst understanding of world economy. Are they really intellectuals of Pakistan?

Sir Abdul Sattar is not just intellectual but he is well wisher of suppressed people.

Yes. Govt can run what it wants means that we need committed leadership and proactive policy

Sir Point is till today Capitalism survive in our Country and we don,t have too many options to tackle this menace except radical change like Bolshevik Revolution against Elite class. When masses wake up from their sleep of ignorance then they themselves solve all their issues.

I would ask if honesty is the prerequisite of nationalization then we should probably discuss how to weed out corruption instead to shooting the messenger so to speak. Govt needs to be powerful.. be it nationalization or privatization. If the govt is weak then it can not implement any law. Implementation requires money. So as long as the govt is powerful and reliable and cohesive enough to collect tax then that's the first step. Then we can talk about the govt involvement in business, aka nationalization, or privatization.

What a poor session this. Government should NOT be in the business of doing business, genius. It should be responsible for governance and public service. Health + Education + law enforcement + Public Service = Responsibility of the government. Everything else: Should be private. The government should create a smooth, digital and transparent environment for businesses to run and should collect taxes to be able to provide 100% free health and education. I live in Belgium and entire Western Europe is built on the above principle and it is an absolutely fantastic system!

@masroorkhalil9655

10 ай бұрын

but brooo govt should also have control energy sector and airline and freight trains and agriculture and petrol and gas tooo help theeee weaker and working class of the society other country also following these same laws

Karachi m pani kharid kr hi pity hn sara pani chori kr k shehriyo ko hi bechty hn . is hawaly sy is admi ny koi bat nhi ki. Saza o jaza ka nizam lao sb thek ho jaega

The smarter set in Pakistan had realized very early on that the country is on the path to failure, and they had better feather they own nests. This is much like how it was in the USSR in Brezhnev's time.

Privatization is necessary, not complete but significant privatization is the way to go.

It is against the current model of capitalism.

instead of* shooting the messenger

Mind blowing... All good... In other words Communism without the label - otherwise it'll be "sar tan se judaa" i.e DEATH for this dude! Because communism means "Ladeeniyat" (Atheism) in Pakistan ideology... All that aside -- is there any MONEY left in the Kashkol (beggars bowl) to afford all this...??

Great lecture

Right

Vague arguments to start with. All the Western Europe works with private entities, including their national carriers but importantly, they do not allow private companies to exploit people. It is all about law and order, writ of the government, and on top, justice, low/no corruption and honesty in the top leadership. This session is waste of resources and time.

@jeevh2790

Жыл бұрын

This session is waste of resources and time - just like pakistan government 😜

Lecturer ought to be given credit for delivering a lecture without inserting English sentences with hideous accent. Yet the lecture is incoherent. Colonial confusion is all around. What Fredrick Hayek is doing in a Stone Age economy? No drinking water. No adequate schooling. Education means to think. How to think if the adults lack clarity. Adam Smith of the “Wealth of Nations” is not meant to be prophet. Nor is Keynes. Government is here to stay but trim and efficient and not fat and flabby. At least in a land with a rule of law. But the subject is of the “Lesser breeds of the Lawless Land.” First learn how to provide water to the Lesser breed. Then bring up the idea of “ Division of Labor.” Adam Smith wouldn’t be amused at the foreign venture of Papa Jones of Pakistan army-a vast Criminal Enterprise.

@AbdulSattar-mp9de

11 ай бұрын

What is your question? Papa Jones behaved like a capitalist enterprise.

Keep it up Good session Capitalism is totally against the humanity

@jeevh2790

Жыл бұрын

Capitalism is totally against the humanity - Like a religion is against humanity. It kills own people world over! Well said (pun intended)

@masroorkhalil9655

10 ай бұрын

Noo bro you are wrong capitalisim has created a huge job opportunity and inovation and low price for competition

OMG what a poor level of intellectuality in Pakistan (poor standard of lecture and lecture is out of dated for present world). Regards, love from India