Since the 2008 financial crisis there has been no respite for world capitalism. Its crisis has been deepening on a daily basis. The European Union, the world second largest economy is back in recession. Stocks and bonds have fallen sharply across world capitals.

Just hours before the beginning of the peace talks between the Taliban and the US delegation in Qatar the mercurial Afghan President Karzai suspended talks on a long-term security deal to keep US troops in Afghanistan after NATO leaves in 2014.

Imran Khan’s Tsunami that was supposed to sweep across the political landscape of Pakistan failed to materialise. As the election results started to pour in, the heightened hopes of the supporters of the PTI were dashed. In a period where ideological politics was forced into oblivion by the forces of finance capital and the betrayal of the opportunist leaders of the PPP at the helm there was a yawning vacuum for the rise of a new political formation that could challenge the status quo.