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Quote by Walter B. Wriston

“If capital is what produces a stream of income - and that is a definition no one seems to quarrel with - then it follows that software is a form of capital. It has always been difficult to measure any form of knowledge capital, but in the past the problem was not as urgent, since the ratio of difficult-to-quantify knowledge capital to more tangible capital was not as high or growing as rapidly as it is today.”

Quote by Walter B. Wriston

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Walter B. Wriston

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“Pakistanis often recount how civil servants in Pakistan’s early days worked out of makeshift offices, lived in tents and ran the government with limited stationery supplies. While the account is generally accurate, and the sacrifice of the officials admirable, it is equally important to understand that the difficulty was the result of a poor choice. Pakistan’s founder had selected the country’s capital to be located in a city lacking adequate facilities, preferring it over another provincial capital with a better establishment.”

“Man's nature, he postulated, was to be a "free conscious producer," but so far he had not been able to express himself freely in productive activity. He had been driven to produce by need and greed, by a passion for accumulation which in the modern bourgeois age becomes accumulation of capital. His productive activity had always, therefore, been involuntary; it had been "labour.”

“It is noteworthy that the Muslim League had campaigned for Pakistan for seven years without deciding what its capital might be. The Bengalis proposed Dhaka while others suggested Lahore and even Multan, a historic city in the south of Punjab. But the subject was never seriously discussed while rallying Muslims to the cause of Pakistan. After belatedly deciding on Karachi as the capital, Muslim League leaders expected the British Indian Army to resolve the problems they might encounter in accommodating the government of their new country. This was one of the earliest manifestations of Pakistan’s tendency to rely on the military as the solution to problems normally falling in the civilian domain.”