Pakistan, Feb. 4 -- The 1970s, the era of socialism and nationalization swept across Pakistan, with the state taking control of key industries and businesses to drive economic change and equal distribution. The seed planted by Prime Minister Zulfikar Ali Bhutto was meant to drive the country towards progress and social equality. This was based on his socialist ideology and was bound to fail since the very foundation of socialism is rooted in a prejudiced monetary system. Today, more than 70 years later, Pakistan's state-owned enterprises have caused irreversible damage to the country. These enterprises, once intended to uplift the peasantry and bring about economic growth, have instead become a burden on the economy and hindered private i...