Opinion | As China shows, liberal capitalism is not the only path
- Posted on August 20, 2026
- By South China Morning Post
- 1 Views
- 1 min read
China's rise challenges the Western assumption that liberal capitalism represents the sole pathway to modernization and economic success. This perspective shift demonstrates that alternative governance models and economic systems can achieve substantial development and prosperity. The post-Cold War consensus about inevitable Western dominance is increasingly questioned as emerging economies pursue distinct developmental strategies, reshaping global power dynamics and proving that multiple routes to modernity exist beyond traditional capitalist frameworks.
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