Interesting (and timely) perspective:

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Capitalism’s mastery of the world has been achieved, however, with two different types of capitalism: the liberal meritocratic capitalism that has developed incrementally in the West over the past two hundred years, and the state-led political, or authoritarian, capitalism that is exemplified by China but also exists in other parts of Asia (Singapore, Vietnam, Burma) and parts of Europe and Africa (Russia and the Caucasian countries, Central Asia, Ethiopia, Algeria, Rwanda).

As has occurred so often in human history, the rise and apparent triumph of one system or religion is soon followed by some sort of schism between different variants of the same credo. (...)

The worldwide victory of capitalism is, in that respect, no different: we are presented with two models of capitalism that differ not only in the political but also economic and, to a much lesser degree, social spheres. And it is, I think, rather unlikely that whatever happens in the competition between liberal and political capitalisms, one system will come to rule the entire globe.
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https://lnkd.in/fsZKK-N