Can the spark of capitalism in N.Korea catch fire? | NK News
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October 16, 2026Oct 16, 2026

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Can the spark of capitalism in N.Korea catch fire?

Capitalistic entrepreneurship needs infrastructure – sorely lacking in the North – to take off

A spate of recent news articles has highlighted the efforts of everyday North Koreans to earn a living by engaging in market activities. Adam Smith would easily recognize this as the beginnings of a free-market economy and Charles Darwin would point out that this is survival of the fittest. Even though these nascent undertakings show great promise for the North, they also face some serious obstacles. Nonetheless, given the now-obvious entrepreneurial spirit of a few bold individuals, it is possible to have have some hope that capitalism can advance from the tiny toe hold it currently has in North Korea.