Why Pakistan is on the Brink of Total Economic Collapse

Did you know that over the past few years, Pakistan’s economy has struggled to the point where it’s now about to collapse? It’s a sad state of affairs, to be sure, and it’s been exacerbated by global catastrophes like the COVID-19 pandemic, the Russian invasion of Ukraine, and even natural disasters. But, unlike many of the countries who have been able to slowly make it back from these global issues, Pakistan has descended into economic, political, and social chaos. And at the moment, it’s looking a lot more like it might default and completely collapse. Which is a hugely scary proposition. Pakistan is not only the 5th most populous country in the world, but it’s also a major political and social player in southern Asia. And it’s a nuclear power. All of those mean it would be a catastrophe if it fully went belly up. In this video, we’re taking a look at what is going on in Pakistan, and what factors led to this economic instability. We talk about the corruption, financial mismanagement, and greed that has pervaded the country for decades, and how those all were the precursors to this most recent economic turmoil. We talk about the problems they’re experiencing with their Forex cash reserves, their application for bailout money from global banks, and much more. So check out this video today for a breakdown of what’s happening with the Pakistani economic collapse, why it came to be, and what it could mean for the stability of the rest of the world.

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Written and Narrated by: Tim Blane

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CHAPTERS:
00:00 Intro
00:26 Ukraine, COVID, and Mother Nature
01:37 Pakistan’s Vicious Cycle
03:38 Military Corruption
05:00 The Rich and Powerful
06:01 The Results
06:58 Bailouts and Austerity Moves
08:37 What Else Can Be Done
09:58 Outro

Видео Why Pakistan is on the Brink of Total Economic Collapse канала TheRichest