North Korea gloats over Western crisis

North Korea is feeling smug about its political system, gloating yesterday about how millions around the world have rallied in the biggest protests against capitalism in 300 years.

The world’s most closed and secretive country, which officially ditched communism in favour of a military-first ideology in 2009, ran a story yesterday under the headline “Capitalism has no future” on its state-run news agency KCNA.

“The only way out of the present crisis facing the capitalist world is to root out its system. Capitalism is fading away from history as it exploits people and is forsaken by them.”

It added: “It is impossible for the Western countries to get rid of the evil cycle of crisis as long as the capitalist market economy is left as it is.”

KCNA has run a series of stories on the financial crisis which has gripped much of the world in recent months.

North Korea relies on outside aid to feed many of its people.