Capitalism to give way to socialism: Buddhadeb

Kolkata: Known as a pragmatic Marxist, former West Bengal chief minister Buddhadeb Bhattacharjee on Sunday sang the old tune, saying capitalism would ultimately give way to socialism.

"Capitalism will give way to socialism. It will create social ownership and usher in the end of class differences," Bhattacharjee, a CPI(M) politburo member, said at a function here to mark the 142nd birth anniversary of Vladimir Lenin.

He, however, did not gave any time-frame for the triumph of socialism over capitalism. "Any time frame for this cannot be predicted," the former chief minister, who had openly wooed private capital to rapidly industrialise West Bengal, said.

Buddhadeb said monarchy lasted in the world for hundreds of years followed by several hundreds of years of feudalism.

He said monarchy lasted in the world for hundreds of years followed by several hundreds of years of feudalism. "Capitalism has also been there for over hundred years and it will also have to come to an end," Bhattacharjee said.

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