‘Capitalism is a movement full of contradictions’

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Nicolas Veron
Nicolas Veron, 41, Economist
Photo: Sarang Sena

Is the Eurozone crisis over?
It’s not over, but calmer. The European Central Bank has put in a lot of money to stabilise the situation in Greece and Europe and Greece’s exit from the EU is unlikely. The fundamentals of the crisis remain.

Is FDI in retail necessary in India?
Though many have spoken against it, I think Indian buyers want access to supermarkets, to cheaper products, better services, and FDI can contribute to that.

There’s an uproar against capitalism… 
Capitalism is a movement full of contradictions. It creates jobs and generates capital but requires good governance and coordination between governments and corporations. It’s a good thing that Indians are concerned about corruption. At the same time, you have to note that the private sector has created many jobs and opportunities.

Will there be a ‘post-capitalism’ era?
Capitalism is as old as complex human societies. For an era when capitalism is no longer relevant, there has to be a transformation in humans and what societies demand.

Soumik Mukherjee is a Correspondent with Tehelka.
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