“Global crises expose the innate contradictions of capitalism”

The recent crises triggered by the economic collapse and the Covid-19 pandemic have shown the world the “innate and fundamental contradictions” of capitalism, said Professor Dr Nguyen Phu Trong, general secretary of the Central Committee of the Communist Party of Viet Nam (CPV).

On the occasion of President Ho Chi Minh’s 131st birthday and the elections of deputies to the 15th National Assembly and popular councils at all levels 2021-2026, Dr Trong presented his party’s goals on Thursday in an article entitled ” A number of practical questions on socialism and the road to socialism in Vietnam “.

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Anchoring his party in Marxism-Leninism and the thoughts of Ho Chi Minh, Dr Trong said Vietnam must “selectively” integrate the latest ideological and scientific achievements into its socialist tenets to move forward in a rapidly changing world and more. in addition integrated.

Defending socialism, which has experienced significant decline and challenges since the fall of the Soviet Union in the 1990s, he pointed to the shortcomings of capitalism.

Recognizing the immense achievements of capitalism – which remains relevant and even growing through the continuous adaptation and incorporation of new ideas, in particular in freeing and developing productive capacity and advancing science and technology technology – he highlighted the social protest movements that have erupted in many developed capitalist countries in recent times.

He said that the “freedom and democracy” that the West spares no effort to promote and impose on the world in general does not at all guarantee that power will truly belong to the people, by the people and for the people – this what does democracy mean. in its heart.

Dr Tong said the power system is mainly owned by the wealthy few and serves the interests of the big capitalist cartels, which he believes are behind the global “99% to 1%” movement. In political life, once the power of money dominates, the power of the people will be defeated, he added.

“This is why in developed capitalist countries ‘free’ and ‘democratic’ elections, as they claim, can change governments, but cannot change the power in place. Behind the multi-party system actually remains the dictatorship. capitalist cartels. “

He blamed the existential crises – economic, financial, energy and environmental – facing mankind to the process of capitalist economic and social development which has crowned material consumption and profit as its supreme end.

Further, noting the paradoxes of “bad development” and “anti-development”, he said that the reality on the ground has shown us that the “free market” of capitalism itself cannot help resolve these issues. problems.

On the contrary, a socialist society is a society which aspires to progressive and humanistic values, based on the harmony between the common interests of the whole of society and the legitimate interests of the people, he said.

“Democracy is the nature of the socialist regime. It is both the goal and the engine of building socialism. Building a socialist democracy that ensures that real power belongs to the people is an ultimate and long-term mandate of the revolution Vietnamese, ”he said.

Dr Trong praised the enviable development of the country, defying various challenges and adversaries since the 1986 “Doi Moi” reform, which aims to develop a market economy with a socialist orientation.

Since the reform, Vietnam’s per capita income has increased 17-fold to $ 3,512. The country’s economy is currently growing by an average of seven percent, with industries contributing 85 percent of GDP. It has achieved food security and has become one of the major exporters of rice and various other agricultural products. In 2020, Vietnam’s foreign exchange reserves jumped to $ 100 billion. Its foreign direct investments are also expanding.

Thanks to economic development, Vietnam has a literacy rate of 95 percent. At least 70 percent of the population now has access to the Internet, and Vietnam is one of the fastest growing IT countries in the world.

Dr Trong urged citizens to stand steadfast and steadfast on the basis of Marxism-Leninism to fight corruption, moral degradation and qualitative development.

He said that combining economy with society, economic policies with social policies and economic growth with social progress and justice can achieve the desired result.

He also stressed the importance of global integration “on the basis of respect for the independence, sovereignty and territorial integrity of the other, of non-interference in the internal affairs of the other. , equality and mutual benefit “.

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