Understanding The Political Economy Of Pakistan Ft. Dr. Taimur Rahman | 295 | TBT

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Published 2022-12-14
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In tonight’s conversation with our special guest, Dr. Taimur Rahman. What was his early life & education like? What are the areas that made him think differently about Pakistan? What is his experience at LUMS like? What is political economy? Why did he focus on the Pakistani class structure? What was Pakistan like before the British invasion? What was trade & commerce like in the middle age? Political economy at the time of evolution? How has Pakistan's economy evolved since 1947? What is a green revolution? How did it affect the social structure? What happened to the economic growth in the 70s? Why are most of the skilled labor & capital of Pakistan immigrating? What public sector can do to solve the problems? What did India do to build their infrastructure through the public sector? IMF, the economic policy, taxation & profit maximization? How can the government fix the power issues in Pakistan? The bureaucracy of Pakistan? Making PIA efficient Vs. International airlines? Capitalist Vs. Socialist solution? How does he envision Pakistan in 2050? Catch this and much more in tonight's episode.

#thoughtbehindthings #muzamilhasan #politicalscience

00:00 Tonight’s guest: Dr. Taimur Rahman
01:13 His early life & education
02:20 What are the areas that made him think differently about Pakistan?
05:36 His experience at LUMS
07:48 What is political economy?
09:21 Why did he focus on the Pakistani class structure?
10:32 What was Pakistan like before the British invasion?
16:15 Trade & commerce in the medieval period
17:20 The evolution of capitalism in Pakistan, India & Europe
21:01 Political economy at the time of evolution
22:49 How has Pakistan's economy evolved since 1947?
25:44 Green revolution
27:21 How did it affect the social structure?
30:28 What happened to the economic growth in the 70s?
33:20 Bhutto’s undemocratic behavior & the growth of Pakistan
37:22 Why are most of the skilled labor & capital of Pakistan immigrating?
40:20 How can we solve these issues?
45:07 What public sector can do to solve the problems?
48:10 What did India do to build their infrastructure through the public sector?
52:02 Liberalization & the glittering generality
54:29 IMF, the economic policy, taxation & profit maximization
1:08:02 What will be the impact of output maximization?
1:09:04 Output Vs. Growth maximizing
1:11:19 How can the government fix the power issues in Pakistan?
1:12:25 How can we solve the problems in our economy?
1:18:06 Government, efficiency & the technology
1:21:08 The bureaucracy of Pakistan
1:26:35 Making PIA efficient Vs. International airlines
1:48:43 Capitalist Vs. Socialist solution
1:52:51 How does he envision Pakistan in 2050?

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All Comments (21)
  • @anarkali_217
    For all those who think there should be Part 2 comment. Get Dr taimur Rehman again on the pod.
  • @voqp
    That's the first economist I've heard who can talk for hours without diving into the current political landscape. And I mean this in a good way.
  • lots of love from India. 🇮🇳❤❤.... he is truly a gem..... so articulate....
  • @saadmahmo0d
    When you invite a guest like Dr Taimur Rahman, you should allow them to speak and not interfere too much. You can challenge them once they're done speaking.
  • Mr.Rehman seems to have perfected the art of teaching while making the topic immensely interesting. Doesnt appear patronizing like our typical Pakistani professors.hes like a friendly genius friend you have in clg who knows everything and wants you to learn more than you yourself might want to.
  • @razafazal7366
    you cant argue with a teacher who handles so many questions every day and also have a political party
  • Dear Muzamil Bhai, Greetings from Mumbai. Good to see Dr Taimur Rehman on the podcast , who gave diff perspective to issues of Pakistan. Dr Taimur Rehman comes out as a very learned, articulate and grounded person. His videos on YT exhibits multi-facet personality as an Economist, teacher, musician , lucid speaker and balanced interviewer. Pvt sector has sole aim of maximising profits, which runs against basic need of Public services like primary & secondary health & education, Infra , environment etc. Developing economies like Pakistan need State interventions in critical sectors like Health, Education,Water , Power , Communication, Infra like Railways , Universal Banking . Once society reaches a critical mass , pvt sector can expand its reach further. Pvt sector needs to be encouraged in other areas , which demands technology, innovation etc. His Socialist ideas surely adds to the public discourse in Pakistan on Political Economics.
  • @adnanadee7307
    Sorry to say. syed muzammil. Dr. Taimor is extremely genius . You cant argu with him or counter him and teach him . He is so perfect in his theory
  • @2292470
    Aoa Muzamil! I have been following your podcast for a long time now. For this particular podcast, I feel it could have been so much more interesting if only you would have let Dr. Taimur speak more. I have repeatedly noticed how you interrupt your guests, and it was particularly pronounced in this session when Dr. Sahab was trying to make a point. As an avid listener of your podcast I’d appreciate if you work on your listening skills and respect the guest because clearly they have been invited to your show for their expertise. P.S may be you were having a bad day.
  • @fo2263
    Damn!! Dr. Taimoor is so genius. 🔥
  • Wikipedia finally have something to say about Taimur. These kinds of debates are healthy for youth rather than our political debates on news channels of pakistan.
  • I first heard about Taimur Rehman back in 2010, when he made an appearance on FM 91. Still the same amazing guy. I just want to know what's his secret for staying happy all the time. He always has a smile on face. So soft spoken. Mashallah.
  • @itsbilalahmed
    Sir was literally teaching him while using that paper as white board
  • At 3 instances where guest was about to explain some points but it was left because host interrupted him: 1. Point where he was explaining about difference between profit vs output vs growth maximization, he was going to explain further that in some industries like electricity, education, trackters, steel factories etc society needs to prefer output maximization because that will lead to growth maximization in long term but since market follows the principle of profit maximization and profit max doesn't coincide with output max therefore market mechanism will fail there. That was his main point against leaving the economy to market mechanism. 2. Point where they were arguing over whether one has right to frame the question of tax expenditure as "where was my money used?", Guest's basic point was that an individual has right to know where tax was spend not because it is their money but because government should be transparent to public. Host was saying that an individual has right to know because it was their money. Guest's point was lost due to continuous interruption. 3. At last he was going to explain how can a bankrupt state manage to invest in infrastructure development in those industries where output maximization is needed instead of profit maximization but again here he was interrupted. Last point I want to add is that Muzamil has very romanticized idea of post liberalization India. If he is reading this comment he should seriously read the P Sainath's and and several other Indian political economist works. P Sainath runs an online journalistic website called Peoples Archive of Rural India (PARI)
  • @nycto16
    Really good to know you've invited someone from Liberal Arts background... Pakistanis are too much obsessed with Science, Technology and Medicine. We want more people from liberal arts, social sciences, management sciences these fields teaches broad knowledge of how world and society works.
  • Need part 2 of this.. also 1st time ever I felt Muzamil didn’t let guest to finish his comments and brought his counter questions which maybe formulated while the guest was speaking…
  • @RH-ll1tu
    The professor proves why he is a professor 😂.
  • @biophilia3938
    Great Sir!Not a podcast but a learning session.Respect & regards from India!
  • As a pakistani I feel Good to see such a platform where economic issues are discussed which ideally should have been discussed in our parliament. Let's hope for the best. Keep doing good work.