Today, China—and to a lesser extent other successful authoritarian capitalists—offer a viable alternative to the leading democracies. In many ways, their systems pose the most serious challenge to democratic capitalism since the rise of communism and fascism in the 1920s and early 1930s. And in the wake of the global economic crisis, and the dissatisfaction with democracy in many developing nations, leaders in Asia, Africa, and Latin America are studying the Chinese model far more closely—a model that, eventually, will help undermine democracy in their countries.
On the site China-US Focus, I expand on my argument about the China model in a new piece. Read it here.