JUN 26 - Nepal is semi-capitalist . Nepal has completed a capitalist revolution. Nepal is capitalist. Nepal has been capitalist for a long time. Most of us believe at least one of these statements. We cannot all be right; this is social ‘science’, not a literary quest where perception supersedes reality, so maybe 75 percent of us are wrong.

But who is right? Simply ask ‘What does a capitalist society look like?’ For this, I would like to go beyond rigid Marxist definitions that focus on the stages of history or who controls the means of production. Instead, let us examine other essential features of a capitalist state, including the existence of a pervasive and secure labour market for livelihoods and sophisticated, comprehensive and regulated financial markets.

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