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Quote by Imran Khan

“One is actually the democracy here, you know, people are, people assume that this election means that there is democracy in Pakistan. There is no democracy.”

Quote by Imran Khan

Author

Imran Khan
Imran Khan

Imran Khan is a notable Pakistani politician and former cricket player. He is the founder and leader of the Pakistan Tehreek-e-Insaf (PTI) party, which has gained considerable popularity in Pakistan for its promises of social and economic reforms. Born on November 25, 1952, Khan began his career as a cricket player, achieving international acclaim as the captain of the Pakistani cricket team. After retiring from cricket, he shifted his focus to politics and established the PTI in 1996. Over the years, he has been a vocal advocate for change in Pakistan, addressing issues such as corruption, poverty, and education. Khan's political career has included several key achievements. He served as the Prime Minister of Pakistan from 2018 to 2022, implementing policies aimed at improving the country's economy and social welfare. His tenure was characterized by efforts to combat corruption, promote transparency, and invest in infrastructure. Khan is also recognized for his philanthropic work, particularly through the Shaukat Khanum Memorial Cancer Hospital and Research Centre, which he founded in 1994. Khan's leadership style and policies have been both lauded and criticized. His supporters praise his commitment to social justice and his efforts to reform the political system. Critics, however, argue that his government faced challenges in implementing effective policies and managing the country's economic and security issues. Despite the controversies, Khan remains a significant figure in Pakistani politics, with a strong following and a vision for the country's future. more

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“Each powerful player, or coalition of players, will make concessions in areas where it has relatively less at stake in exchange for other such players making reciprocal concessions in other areas where it has relatively more at stake. Such trades are collectively rational insofar as they get each of the powerful players more of what it wants. But such trades are also dangerous because the whole international rule-system will become incoherent and therefore vulnerable to crises that will continue to become increasingly severe.”

“The World Bank is the monopoly provider of poverty data and, partly due to a leadership change there, the World Bank's reporting has been heavily on the rosy side since about 2000. The Bank's cultivation of an upbeat picture affords a very interesting lesson in statistics and how you can, depending on which numbers you present and how you present them, create a more positive or more negative impression of the evolution of poverty.”

“Purchasing power parities are not a reasonable method for comparing households across countries or currencies. The reason for this is simply that PPPs are sensitive to the prices of all the commodities, goods and services, that households are consuming worldwide, with each commodity weighted in the calculations according to its share in international household consumption expenditure.”

“Car prices play a large role in calculating PPPs even while they play no role whatsoever in the consumption or consumption needs of the poor. And the prices of rice, bread and beans play a small role in calculating PPPs even though they play a huge role in meeting the consumption needs of the poor. So the World Bank's method of comparing and converting everything at general purchasing power parities into US dollars is highly distorting within an exercise whose purpose it is to determine whether households are or are not capable of meeting their basic consumption needs.”

“In 88 poor countries for which we have data, in each and every one of the 88, the PPP for food shows that poor people can buy less food than you would expect from the PPP that the World Bank is using. The reason for this is obvious on reflection. It has to do with the fact that most foodstuffs are tradable commodities: basic foodstuffs, such as rice, flour and beans, can easily be conveyed across national borders and their prices will therefore roughly mirror the exchange rates among currencies.”

“Though people could, in principle, cross national borders to reach places where their work is more highly rewarded, they are in fact prevented from doing so. As a result, huge differences also persist in the price of labor, as you can see when you get a haircut in rural India or hire a driver or babysitter in Bolivia. You can easily buy such services at one-fiftieth the price you would pay in London, Hamburg or Manhattan.”

“By using general consumption PPPs, the World Bank is, in effect, saying to the poor: "Sure, you cannot buy as much food as the dollar value we attribute to your income would buy in the United States. But then you can buy much more by way of services than you could buy with this PPP equivalent in the United States." But what consolation is this? The poor do not buy services - they are services, on their luckier days.”

“To make a proper moral appraisal of the prevalence of severe poverty today, we should focus not on comparisons with times past, when the global average income was much lower, but on a comparison with what would be possible in our time, given the current global average income and level of technological and administrative development.”