This is a transcript of the speech delivered by Prof. Prabhat Patnaik on July 7, 2012 at a colloquium in memory of Chinta Ravindran organised in Kozhikode by the Chinta Ravindran Foundation. The topic for the colloquium was Relevance of Gandhism & Marxism to our times. Apart from Prof. Patnaik, who was one of the keynote speakers, Prof. Akeel Bilgrami participated as a second keynote speaker and he elaborated on Gandhism.