Pakistan: The Economic Catastrophe

The biggest crash in the history of
capitalism in 2008 has created a new “normality” across the planet. This
has led to vicious cuts and severe attacks upon the workers in most
countries. The welfare states in Europe and elsewhere are being
aggressively dismantled. After the failure of Keynesianism the
neo-liberal model of capitalism, known as trickle-down economics,
Thatcherism or Reaganomics, has been an even bigger disaster.