Teachers and student leaders on Wednesday said capitalism is cancerous and once it enters a country’s economy, it spreads and devours labour, environment and everything else for the growth of profit.
The essence of capitalism is to turn everything into commodities and commodities into capital, they added.
They further said capitalism was the root of the prevailing crisis and reached the extreme of barbarity which had now taken on the form of fascism and was threatening everything.
They came up with this observations while addressing a discussion organised by the Student Committee on the Observance of October Revolution Centenary at the Teachers-Students Centre of Dhaka University.
Dhaka University emeritus professor Serajul Islam Choudhury said capitalist human rights were for five per cent of the people and based on the exploitation and deprivation of the remaining 95 per cent.
‘Capitalist world preached the joy of private wealth and the middle class, which grew up under bureaucracy, responded to that call. We must have destroyed the idea of private property and turn it into social ownership,’ added the professor.
Jahangirnagar University economics professor Anu Muhammad said the October Revolution had shaken the whole world.
He also said socialism was functional in Soviet Union and worked for bringing changes in the lives of the people by abolishing private property and forming social ownership.
The discussion was a part of a month-long series of programmes initiated by the National Committee on the Observance of October Revolution Centenary.
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