Sri Lanka, March 29 -- Opposition Leader Sajith Premadasa stated that socialism is a force that undermines people's lives, livelihoods, new businesses, as well as private industries.

He emphasized that socialism's an anti-entrepreneurial concept that does not foster entrepreneurship but rather hinders it.Premadasa made these remarks in Rathnapura while participating in the launch of the economic vision of Samagi Jana Balawegaya on Wednesday (27).

He pointed out that while some groups advocate for creating a friendly country through building friendly parties, others pursue such goals through socialist systems. However, he argued that industries such as the gem and tea industries cannot thrive under socialism, and entrepreneurs cannot flo...