[Scroll.in]Opinion: Pakistan’s economic plight can’t be blamed on its avaricious elites alone
Elite-bashing is Pakistan’s newest sport. As the country stares into the default abyss, the ubiquitous phrase – ‘elite state capture’ – putatively explains all that has gone awry. Fat-cats are blamed for stealing public resources, conspicuous consumption and dollar flight. But this super-simplified, sophomoric reasoning misses the real point.Doesn’t ...