
Author. Translator. Storyteller Founder @pakspellingbee @StorykitProgram, @UrduThesaurus, Library of Urdu Classics (https://xitter.cf/t.co/7edCMTTvdw)
Joined May 2011
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Musharraf Ali Farooqi retweeted
That story about Google killing hundreds of thousands of trees in Finland for its data center project is such a perfect microcosm of what capitalism is doing to our world.
Recent mass media headlines are saying the tech giant "illegally" cut down "250,000" trees, but both claims paint an inaccurate picture of what actually happened. Google killed 400,000 trees (250,000 near a town called Muhos and another 150,000 near the village of Otanmäki), and unless the company's executives actually wind up going to prison for this, their actions cannot properly be described as "illegal".
I don't know who first coined the saying "If the penalty is a fine, then it's legal for rich people," but it certainly applies here. The Finnish Licensing and Supervision Authority has reportedly ordered Google to suspend all “measures that significantly change the environment," saying it will "consider enforcement proceedings and fines" if the megacorporation does not comply. Google's parent company Alphabet has a net worth of around four trillion dollars. Whatever paltry penalties Finland might impose for these ecocidal actions, it won't have any meaningful effect on Google.
Giant corporations do this shit all the time. They calculate that the fines incurred by their abusive actions will be dwarfed by the massive profits they generate, issue fake apologies as needed, and leave it to their armies of lawyers to minimize the damage. That's why the Sackler family is still worth billions despite all the fines Purdue Pharma was slapped with while creating the US opiate epidemic.
A 2017 Harvard study titled “The Opioid Epidemic: Fixing a Broken Pharmaceutical Market" contains the following paragraph:
"Although civil claims and criminal charges were brought against Purdue and its executives, the resulting penalties paled in comparison to extended-release oxycodone profits. In May 2007, the company and its president, chief counsel, and former chief medical officer pled guilty to falsely marketing extended-release oxycodone as 'less addictive, less subject to abuse and diversion, and less likely to cause tolerance and withdrawal than other pain medications.' As part of the plea bargain, Purdue agreed to pay the federal government $600 million and 27 states $20 million. The three executives agreed to $34.5 million in fines but avoided jailtime. By contrast, Purdue has earned an estimated $31 billion in total revenues from extended-release oxycodone since its launch. Rather than deterring fraudulent marketing, the penalties simply became a cost of doing business."
A cost of doing business.
That's how things work under capitalism. The law primarily exists not to protect people or the environment, but to protect the interests of capital. If you destroyed a Google data center you'd probably be charged as a terrorist and spend decades in prison, but Google can destroy the natural world around you and get off with a finger wag and a symbolic fine. If you stole millions of dollars from your employer you'd go to prison for grand larceny, but if your employer steals millions from its employees you need to win a class action lawsuit to get back what they stole from you.
Proponents of capitalism often pretend they support minimal government intervention in civilian affairs, but their entire model is at all times propped up by state power using force to protect the haves from the have-nots at every level of our society. Corporations are free to destroy the environment, destroy your health, rob you, exploit you, and manipulate your government to their advantage, and if you ever take action to stand up to this world-devouring onslaught, the state will lock you in a cage.
In school we are taught that that the law exists to protect ordinary people from bad people, but that's not true at all. Under capitalism, the law exists to protect the very worst among us from everyone else. That's why we are seeing our planet being turned into dust and ashes for no reason other than shareholder profit.
It's an insane system, and it needs to end. These freaks are feeding our entire biosphere into the woodchipper.
Musharraf Ali Farooqi retweeted
It began with corporations having greater rights than humans. This is the next stage of that dehumanization principle.
🤖 Made with AI
Musharraf Ali Farooqi retweeted
IPOs: Are We Protecting Investors or Selling Them a Story?
Not so long ago, I was an enthusiastic advocate of IPOs and had the privilege of advising on some of Pakistan’s most prestigious offerings.
One IPO, however, taught me a lasting lesson. It performed poorly, leaving the sponsors unhappy. In retrospect, I had made a mistake by accepting an high floor price. It changed my perspective on the IPO business.
Since then, I have deliberately stepped away from pursuing new IPO mandates.
My growing concern is that too many sponsors approach the public market not to share the future prosperity of their businesses, but to extract the highest possible valuation.
An IPO should be an opportunity for investors to participate in wealth creation, not an exit opportunity for sponsors at an inflated price.
But there is a deeper, more troubling structural issue.
A Consultant to the Issue (CTI) is expected to issue a due diligence certificate, effectively assuming responsibility for the quality and completeness of disclosures.
Yet a CTI is fundamentally a transaction adviser, not a forensic accountant or statutory auditor. Its ability to independently verify historical financial records, accounting practices and the completeness of information is inherently limited.
We have created a system in which responsibility can exceed the practical ability to verify. That is neither sound regulation nor effective investor protection.
Recent scrutiny surrounding an IPO should prompt us to examine whether the existing framework is fit for purpose.
I would urge the SECP and PSX to undertake a fundamental review of the IPO regime, particularly:
Pricing discipline: Are book-building mechanisms genuinely discovering fair value, or merely maximising proceeds for sponsors?
Independent verification: Should financial due diligence and the integrity of historical disclosures be independently certified by qualified accounting professionals?
Clear accountability: Should responsibility be explicitly allocated among sponsors, auditors, CTIs and other advisers according to their actual roles and capabilities?
Post-listing accountability: Should we systematically review IPO valuations, disclosures and subsequent performance to identify recurring weaknesses?
Pakistan needs a thriving IPO market. But its success should not be measured by the number of companies listed or the money raised.
The real test is whether public investors are being offered a fair opportunity to create wealth alongside the sponsors.
Until we restore that principle, we risk turning the IPO market into a mechanism for transferring wealth from public investors to private owners, rather than creating wealth for both.
Musharraf Ali Farooqi retweeted
Mr. Macron made his bed when he assured POTUS that he welcomes atrocities against Iranians.
Too late to blame the war his ilk helped cause. The French people demand wholesale change, including freedom of assembly.
Listen to the future of France, Mr. President.
Musharraf Ali Farooqi retweeted
Pakistan Must Prepare for a Disrupted World
The Iran conflict is reshaping our region’s economic and strategic landscape.
Oil price shocks, shifting power dynamics, disrupted trade routes and geopolitical uncertainty could persist for years.
Are we preparing our economy to withstand these disruptions over the next 3–5 years?
With our dependence on imported energy, fragile external finances and limited fiscal space, we cannot afford business as usual.
We urgently need a national economic resilience strategy.
Musharraf Ali Farooqi retweeted
Latest book review: The Story of a Widow.
manihammad.substack.com/p/be…
Musharraf Ali Farooqi retweeted
Between Duty and Desire
On @microMAF’s The Story of a Widow
manihammad.substack.com/p/be…
#bookreview #storyofawidow #novel #pakistaniwriters
Musharraf Ali Farooqi retweeted
Deliberate starving of 2 million people in Gaza continues. The horror of our century
Musharraf Ali Farooqi retweeted
With her lonely stand for Palestine, Sally Rooney has exposed the contemporary literary world as a nest of cowards and careerists
Where are all the Doris Lessings, Harold Pinters, John Bergers, Graham Greenes, Samuel Becketts that once raised their voices against war and injustice?
Rooney stands almost alone
Musharraf Ali Farooqi retweeted
The @nytimes, which cheerled the genocide, is now leading efforts to whitewash the “Israeli” population which overwhelmingly supports it and is executing it, as hapless uninvolved victims. They are attempting to unfairly scapegoat one man, Netanyahu, and replace him with a more marketable monster.
Musharraf Ali Farooqi retweeted
Tom Nagel is, hands down, one of the most important philosophers on matters of mind,, consciousness, and thus AI. This is a rare opportunity to hear his take on the latest developments - especially because thus viewpoint has been swamped by the physicalism and computationalism inherent in the AI enterprise. Agree or disagree, it’s worth paying attention to.
youtu.be/nueiTsocExc?is=JRN1…
Musharraf Ali Farooqi retweeted
Anduvo semanas con un balde atascado en la cabeza, sin poder comer… hasta que estos tipos se animaron y lo liberaron. Gracias, de verdad 🐻
Readers added context they thought people might want to know
Este video es de un rescate civil en 2014 en Pensilvania (EE.UU.): voluntarios liberaron a un oso negro con un airbag de tráiler (no un balde simple) atascado durante semanas o más; podía comer y beber por un orificio.
pennlive.com/wildaboutpa/20…
youtube.com/watch?v=U3DEBP…
Musharraf Ali Farooqi retweeted
My day job is helping scientists at AKU give and get coverage. Extremely pleased with this newsletter. Tons of story ideas and faculty happy to do Zoom interviews. Get a sense of Pakistan's top clinical, academic and research work in child health aku.edu/mcpk/paeds/Pages/sum…
Musharraf Ali Farooqi retweeted
Brilliant article on the Lai and why Rawalpindi and Islamabad flood as they do in the Monsoon. Kudos to Farhan Asfar and the team at @prismdawndotcom for the outstanding graphics.
dawn.com/news/2035121
Musharraf Ali Farooqi retweeted
پاکستان کی سب سے بڑی پرائیویٹ لائبریری بھی جنوبی پنجاب کے شہر میلسی کے قریب گاؤں جھنڈیر میں واقع ہے۔ ڈھائی لاکھ کتابیں ہیں۔ ایک میوزیم بھی ہے۔
اب کتابوں کا دور کچھ کم ہو گیا ہے اور کافی لوگ یہاں پکنک ڈے کے لیے آتے ہیں۔ لائبریری کا احاطہ پارک سا منظر پیش کرتا ہے۔
Musharraf Ali Farooqi retweeted
Girls consistently outperform boys in school — so why do they so often fall behind in the workforce?
A new analysis using the Human Capital Index+ starts to explain the gap. #SkillUp blogs.worldbank.org/en/opend…
Musharraf Ali Farooqi retweeted
Replying to @molarawood
This is the new frontier of imperialism and colonisation: knowledge, information, and rare minerals!
Musharraf Ali Farooqi retweeted
Taj Mahal- Not a Monument of Love, but Afterlife | Decode the Calligraphic Secrets with Rana Safvi
youtu.be/hzaxJtB5dww
Musharraf Ali Farooqi retweeted
This is certainly the most immediate risk from AI: Superhackers. This article talks about humans using AI to hack at unimaginable scales, but there’s also a real danger of RSI-driven AI agents becoming autonomous superhackers.
As I keep saying, we must never forget that AI agents are cyberspace-native. They may still be dumb and limited, but they can see and do things in cyberspace that we can’t. A shark too is dumb and limited in our world, but not in its native space.
joshuasaxe181906.substack.co…























