you are right but u mentioned that whether it is capitalism or socialism economic inequality is there. well, sociailsm is not flawless but economic inequality is not the product of socialism. the worse thing associated with socialism is deprivation of property ownership which is deprivation of basic right but capatalism is mainly responsible for the economic inequality. westerner themselves are raising their voice against capitalism and OCCUPY WALL STREET is good example for the supporting arguments. despite the fact that westren countries has capitalism as prevailing economic system

1. The main problem of economic crunch is enlarged because of lawlessness and complete disorder of the system. In Pakistan, Karachi is known to be the economic hub of the country where no one is ready to take the risk of making investment because no one thinks that he/she is save from the culprits of different kind. Even living in Karachi is not danger-free.
2. Energy crises are also playing there role in economic instability because factories, industries, small to large businesses, in fact every source of income for the country is on its worst.
3. Weak leadership can also be said as responsible for this because it is their responsibility to recommend such people who are fully experienced in making plausible decisions for the betterment of economy.
4. Distribution of budget among the provinces should be on their need basis.
5. Corruption must be removed from the country by top to bottom, either he is the president or he is a smallest worker by rank.