Capitalist Communist oF Nepal

In reality, with decades of hindsight it can be said that the much-maligned Rana feudal Juddha Sumshere as well as the Panchayat system were more serious about taking Nepal down the industrialization path and job creation for its youth. The former’s first industrial exhibition in Nepal in 1938 and his letter to Churchill seeking the Raj’s support for tariff concessions for products to come out of Nepal’s industries are proof enough. The Panchayat under King Mahendra did set up production factories that the Kangress was quick to close down after 1990 in the guise of privatization. By the 1980s, the feudal aspect of the Nepali economy had dwindled to insignificance and the country’s state apparatus had slipped into the hands of the trading class comprador bourgeoisie, a fact that seems to be appreciated, among the current political class, only by the marginal ‘Third Current’ group within the UML. It is also corroborated by the main parties, socialists and communists both, nominating scions of trading houses to the Constituent Assembly. How could they not, since the bulk of their unaccounted party funding comes from this source and not transparent levies.

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