Opinion | As China shows, liberal capitalism is not the only path
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China has disproved one of the post-Cold War era’s most confident assumptions: that the Western model is the only route to modernity.

Much of the Western debate about China begins with a category error. “Communism” is often treated as synonymous with a monolithic command economy, limited private enterprise and bureaucratic control over every commercial decision. Modern China does not fit that model. It is better understood as a mixed, state-led system in which private enterprise, foreign investment and fiercely competitive markets coexist alongside public ownership and state control in strategic sectors. This is more than…

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