Change Is Inevitable But Difficult

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Abid Hussain Rather
The avouchments acclaimed by motivational personalities that their speeches, books or videos can bring changes in your life might be true but the zealousness and propulsion in their acclamation are exaggerations rather than truth. Substantially, the reality is that such things are not often possible in our life. Naturally, it is human nature that human beings are basically afraid of changes and they always prefer to live in their comfort zones. Our body works like a machine, which needs rest after a specific period of time. Change in human beings is determined by their way of thinking and their intelligence. Change depends on various parameters like the way we think, how we analyze the situations and our reaction to them etc. To change oneself, a person can’t change his way of thinking in a blink of an eye but it needs a plenty of time. As ice needs a particular temperature and enough time along with a suitable environment to change into water, similarly a person needs specific time, apt environment and a precise strategy to change his life style and his way of thinking. We should never forget that change is a difficult, severe and painful process and it may sometimes lead to mental depression; so nobody wants to go through this process easily. Mary Wollstonecraft Shelly has said that nothing is so painful to the human mind as a great and sudden change. This process can’t occur due to some force, pressure or avidity. The first and foremost requirement for a change is freedom of mind and enthusiasm in heart, otherwise you can’t forcibly bring a change in somebody. Change is a natural process and infact it is inevitable. The reality of life is nothing but a course of continuous changes, so we should readily accept changes in our life. From our birth to death we see that both time and situations change continuously and no body has control over them. We can’t deny the fact that change is also a beautiful process and those people who pass through this process willingly are least affected by this process, otherwise change has to occur whether we are ready for it or not and it will remain continue as long as we are alive and even after our death. There are almost 98% people in the world who can’t change anything except changing themselves and only 2% people in the world have amenability to change the world. The astonishing reality is that the 98% people who can’t change anything except changing themselves are trying to change the world except changing themselves. Leo Tolstoy has rightly said that everyone thinks of changing the world, but no one thinks    The dynamics of macro-economy are very different from the individual level economics. At individual level, you can advise someone to save more as a policy for better economic future. But at the economy level, such an action leads to negative consequences. If a large number of individuals start spending less, the businessmen will find fewer customers and will reduce the staff at their disposal. The factories will find fewer orders and will reduce their production and employment. These unemployed people will have little money to spend which will spark second round of spiral of reduction, and this spiral will continue. The opposite will happen if people and/or government start spending more. Therefore the Keynes advised that government should run in deficit and should spend excessively during the crisis to come out of the recession. A famous quote referred to Keynes reads as ‘the government should pay the people to dig holes in the ground and then to fill them up’. The quote implies the government should spend even if there is no feasibility of the spending, because it will enable people to purchase, and this purchasing will add to someone’s income that will again be spent in the economy. Despite high inflation during past two years, the nominal salaries of the government employees are stuck at the level of 2018, which means a reduction in real income by about 20% during past 27 months. The nominal development expenditures are reduced from 1.1 trillion to 0.89 trillion, implying a much larger reduction in real terms. Such reduction in government spending has initiated downward spiral that we are witnessing. On the other hand, the monetary policy is non-accommodative. The government has borrowed about 6 trillion from commercial banks to pay to the central bank. Such a monetary policy is a big hurdle in creating the liquidity needed to maintain the pace of progress. At the time when the central banks around the globe have reduced the interest rate to near zero, Pakistan is having 7% interest rate which is one of the highest in the world. Such actions would only intensify the crisis instead of doing any good for the economy. The governments all-around the globe have adapted the policy of excessive spending and accommodative monetary environment during the crisis caused by pandemic. There are many countries that spent more than50% of their normal budget in the Covid-19 financing. The interest rates were reduced drastically and trillion of dollars were pumped into the economy to maintain the pace of growth at pre-covid trajectory. The same policy needs to be adapted by Pakistan if the government wants to bring back the growth rate of 2017-18, which is needed to accommodate the increasing population of youth. If the government followed the austerity derive to save money for the country, it will only deepen the crisis. We are already behind the regional economies in terms of economic growth and if we followed anti-growth policies, we will remain far behind the regional economies and would be cited as the deprived nation after a decade.