This article...
...sums it up pretty well, though a bit unkindly, and also not completely unbiasedly:
My heart bleeds for Pakistan. It deserves better than this grotesque feudal charade
So, according to the will of Benazir Bhutto, the leadership of her party, of which she was the life-long chairperson, has been handed over to her teenaged son by way of his father, who was the actual nominee for the party leadership by Benazir herself. The son is still in college, and hasn't been in Pakistan for most of his life, though thats another story. He will be "guided" by his father and other senior members of the party till he "comes of age". This is quite similar to stories I had read a very long time ago in which a child would be positioned on the throne, but the strings were pulled by other people.
Luckily in Pakistan we don't have kings and queens, but we do have military dictators. We also do have elections once in a while, the results of which are "engineered". What lends credence to this is that fact that after the results of the elections, the winners and losers go to the US embassy in Islamabad to meet with the US ambassador to secure his/her "job" as the head of government. I remember very well Benazir Bhutto doing exactly the same in 1988, after her party won the elections, but she couldn't form a government without a few meetings with the US ambassador in the US embassy. So much so that the ambassador at the time, whose name I have forgotten by the way, was dubbed the US Viceroy in the press, with reference to the role he was playing at the time.
However, the tradition of a political party being run by a family is not limited to Pakistan only, but is a part of the politics of this region of the world. In India, which is a real and strong democracy, the Congress party revolves around a family. The same is true in Bangladesh where the two main political figures, both women, are in politics courtesy of their fathers and husbands. Benazir's son taking over her political party does also make some sense in the ethnic dimension of Pakistani politics also, but still, I think Tariq Ali is right when he says that Pakistan deserves better than a feudal charade.
Speaking of Tariq Ali, I read his book Street Fighting Years while in school. I liked the book very much, but still remember that he did not have any good words to say about Zulfiqar Ali Bhutto, Benazir's father, a former prime minister of Pakistan who was hanged by a military dictator.