MAOIST chief Prachanda said his political group was not against capitalism. "Our fight is against feudalism, not against capitalism," said Mr Prachanda.
The Maoist leader told a private TV channel that private business and property would get protection. "We will nationalize royal property and the property belonging to the late King Birendra," said the Maoist supremo.
Mr Prachanda has been maintaining that Mao Tse-tung's model for a people's republic cannot fulfill modern needs. He has been critical of Stalin for not allowing competition in the society.
Mr Prachanda clarified that only the property the king enjoys as the monarch would be nationalized. "His personal property will not be touched. He will be allowed to do business."
The Maoist leader used the opportunity to soothe the frayed nerves of investors and said businessmen and industrialists would be encouraged to do business, create new jobs and new infrastructure.
Mr Prachanda said his party favored capitalism in
The former rebel leader said he would encourage foreign investment, including that from
The Maoist leader had recently said the new government would expand the tax base, eliminate red tape and end the culture of corruption. "We will set up an industrial security force in the process of integrating the People's Liberation Army with the
So lesson is learned from east
This is how proletarian internationalism will build up in a way through out all continents which conform to reason and sentiment of all kind of growing people’s struggle in every part of world.