During his victory speech last June, Colombia’s new president, and the country’s first leftist leader in modern history, said that it was time to “develop capitalism.” In an exclusive interview with Ian Bremmer for GZERO World, President Gustavo Petro explains what he meant.

“I mean to say that capitalism has not developed in Colombia. The productive capacity that it generates, which is indubitable throughout human history, has been quite rickety in my country.”