Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Pakistan Regime And Armenian Parallels

The new military regime in Pakistan, which overthrew the government on October 12, has begun a campaign to recover billions in outstanding bank loans. The Armenian political killing has parallels. John Howard reports.

Around the world groups are rising in opposition, with sometimes disastrous results, against crony capitalism, political corruption, collusion, nepotism and outright theft by political officials. Russia, Armenia, Indonesia, Pakistan, Asia, some African and South American states, and even the United States, all now have groups who are taking the law into their own hands.

Analysts say when the leaders or parties in charge of a nation abuse power, the very nature of the abuse begets carelessness, hubris, and a false sense of security. Resources are frittered away or stolen, opportunities are squandered, the people made complacent with the end result that all sense of reason is abandoned. Afterall, they say, a powerful leader or party does not have to negotiate only demand.

In Pakistan, a country of 140 million people, just 322 families and businesses are responsible for $2.7 billion in unpaid debts to Pakistan's banks.

Mohammed Yaqub, governor of the State Bank of Pakistan, listed deposed Prime Minister Nawaz Sharif as one of the debtors.

"The government is monitoring all their (Sharif's) assets...this time justice will be blind," Yaqub said. He added that unpaid bank loans totalled about $4 billion but the new regime will not take over their bankrupt factories but attack their lifestyles.

Defaulters have been given until November 15 to repay loans or face criminal charges. The military regime also warned it would publish the list of defaulters after the cut-off date. The list is said to include large numbers of former politicians and public servants.

Pakistan's coup leader, General Pervaiz Musharraf, has pledged to pursue the corrupt, revive the battered economy and recover illicit wealth before returning Pakistan to democracy. He says the nation's most powerful used their influence and connections to prevent earlier court action against them.

Few Pakistanis have seemed anxious for elections, preferring instead to see alleged criminals rooted out.

The background to the Armenian crisis and killings has parallels and is now seen by some analysts as a reaction to alleged long-term crony capitalism, corruption and collusion by political leaders. The Armenian economy has been in tatters since 1991.

The killers, who have since given themselves up and released the hostages, said they just wanted all people to live well and that their victims were "parasites." They have been charged with terrorism.

If the subsequent court case is fair, transparent, and relevant evidence is allowed to be presented, and that's not guaranteed, much more will be learned about the motives behind what were political killings.

ends

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Werewolf: Living With Rio’s Olympic Ruins

Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:


Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news