An economy is defined as a system of organisations and institutions that either facilitate or play a role in the production and distribution of goods and services in a society. Economies determine how resources are distributed among members of a society; they determine the value of goods or services; and they even determine what sorts of things can be traded or bartered for those services and goods.
Social relations among members of a society are to a large extent determined by this system in general and by the ownership of means of production in particular. For example the relation between land owner and hari/muzera/sharcropper in a feudal system is different than between a factory owner and worker or a banking corporation and bank teller in a capitalist system.
It is then this relationship that forms the the basis of political and social systems. Thus in order to change the political and social systems, we have to change these relations. Any other tinkering with the system will be superficial and temporary.
If we keep this fundamental principle in front of us, it becomes easy to see the flaws in the current system and to understand why successive governments in Pakistan have failed to make any substantial improvement in the lives of average citizens.
Thus the goal for our economic policy is to ultimately lead us towards changing that relationship in order to bring equality.
