Does that mean that a free market economy is not suitable for Nepal?
Shakya: I understand that capitalism has been tested in the past one-and-a-half years, but if you look at the failure of socialistic models, they have been far more intense than the failure of capitalistic enterprises. Look at the South-East Asian countries which have embraced a capitalistic model. They’ve done great. We also have to work on the human dimensions of capitalism. We have to bring in the human element in capitalism. Legislation cannot regulate human behaviour. For Nepal, it is important that we do not ape the evils of capitalism. Therefore, it is a good time to inculcate the human element in capitalism and to ensure that we embrace a free market system while being aware of the disparities and inequalities.
