EP149 Breaking Free From IMF Shackles: Economic Crisis, Poverty & Capitalism Ft. Dr. Taimur Rahman | Naeem Sikandar Podcast
In this podcast video episode, we delve into the Pakistani economy and its structure with Dr. @TaimurRahman1975 an economist, and professor at the Lahore University of Management Sciences (LUMS), The episode starts with a brief summary of the conversation, followed by Dr. Rahman's experience with remuneration at LUMS and his decision to reside in Pakistan despite better opportunities abroad. Dr. Taimure Rahman shares his passion for economics and political science and how he believes diversification of the economy can lead to its growth. He also discusses his interest in music and teaching as a second nature and the differences between professors and teachers.
The conversation moves on to the use of research/journals versus the internet and Dr. Rahman's family background. He then talks about life goals, means, and money, and the importance of basic needs and quality of life. The focus of the conversation then shifts toward capitalism and its elite class. Dr. Rahman explains how the capitalist structure of the economy leads to poverty and economic destruction. He talks about trade deficits, international trade, tariffs, and the structure of the International Monetary Fund (IMF).
Dr. Rahman shares his thoughts on international loans from the World Bank and the IMF and the debt crisis. He suggests measures to be free of the IMF shackles and talks about the development of the cotton industry and deceit by Independent Power Producers (IPPs). The podcast episode concludes with Dr. Rahman's view that the economy won't improve the current way, and people must protest against inflation. He also explains how protests can impact the IMF. The episode ends with a thank you note and Dr. Rahman's contact details.