Like other currencies, the Dollar, the Pound and the Franc, originally, the Rupee was backed by real tangible wealth in the form of a precious metal. In the case of the Dollar, it was gold, in the case of the Rupee it was silver. This system stabilized the value of the monetary unit both internally within the country and externally in international trade.

Through democracy’s implementation of Capitalism, the government is responsible for Pakistan's electricity crisis. The present capitalist system ensures that through privatization a few private owners, foreign and local, fully benefit from electricity resources whilst the public faces hardship. Privatization raises electricity prices so that the private owners can profit in their business.

Although Pakistan has huge material resources, a young, bright and lively population and has been included within the "next eleven" economies in the world regarding its potential, its industry is in a pitiful state, since its creation. The so-called industrial growth of the sixties and seventies was of basic and simple industry, without laying the basis for heavy industry.

Wherever democracy exists, whether presidential or parliamentary, neglect and exploitation of the people by a small elite will always occur. It is a world-wide phenomenon that the richest people are those with access to political power in democracy, either directly or through sponsorship of politicians. Democracy was never meant to grant justice to the masses, and instead was conceived to concentrate power and subsequently wealth into the hands of a…