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 Nepal. "Between the feudal stage and socialist stage, there will be capitalist stage," he said, adding that he would follow the mixed economic model and encourage creation of wealth through capitalism.
The former rebel leader said he would encourage foreign investment, including that from India. "We will try to create a favorable environment for them to invest here. When we create an environment where people can make a profit, then naturally, Indian investors will also come," he said.
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 Nepal Army to provide security for industries," he had said.
So lesson is learned from east Europe as it is necessary to before socialism people need to experienced with capitalist mode of production. Once Pakistan able to practice bourgeois democracy in full phase and Bhutan got more matured with democracy, South Asian region will move one step further and conceive more advanced situation which will fitted to socialism. Before it, the big illusion of so called prosperity, new economic boost that generated by neo liberal economy and globalisation will slowly begins to break up as Latin America already witnessed and experienced it.
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.