KATHMANDU: CPN (Maoist Center) Chairman Pushpa Kamal Dahal ‘Prachanda’ has remarked that the growing investment of capital in the share market instead of the industrial sector was indicative of rise of imperialism.
Inaugurating provincial conventions of the party on Saturday, he said he was mulling to include ways to tackle monopolistic globalization of capitalism being expanded through financial revisionism in the Maoist Center’s official documents.
Chairman Prachanda said capital used to be invested in industry and manufacturing in the past but now it was being invested in secondary securities market. He termed the trend as a feature of financial capitalism.
He went on to add that capital was being invested in securities, trading markets, International Monetary Fund, World and Asian Development banks all over the world, including Nepal. “Capital not being invested in industry and manufacturing sectors has become a feature of financial capitalism. The trend of investing in the stock market is a developed form of imperialism,” he said.
Chairman Prachanda said that it was necessary to study, research and analyze the growing investment in the securities market all over the world. He was of the view that the Maoists had to should the responsibility to address the problem by analyzing the issue.
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