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.

As with numerous other political decisions of the present regime, the local bodies’ polls (Local Government Elections) have ended up in a quagmire and once again judicial activism has jumped into the fray exposing the utter indecisiveness and failure of the political elite to resolve anything at all.

Inflation and the prices of basic commodities under the incumbent Pakistani Muslim League (Nawaz) [PML(N)] government have risen enormously wreaking havoc on the lives of ordinary people. Purchasing power is declining rapidly with the depreciating value of incomes and salaries.

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