With the impending partial withdrawal of American troops from Afghanistan looming closer, some sections of the liberal intelligentsia and the ex-left civil society in Pakistan are tacitly trying to portray US imperialism as a lesser evil in comparison with the Taliban and the fundamentalist terror groups who have wreaked havoc in the region.

Luxury goods brands such as Louis Vuitton, Remy Martin and Bentley have posted falls both in growth and profits in the recent period, down from record highs. That the sales of luxuries have been booming in a period of global recession for the past few years appears remarkable in itself. This contradictory phenomenon, and its more recent decline, gives an insight into one aspect of the capitalist crisis.

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