From Mauerfall to Beijing.

I grew up in a capitalist world. After the fall of the Berlin Wall, the international community was confident that capitalism is the best choice (Including the Russians and Gorbachev himself.). 

At the time, communism—a rigid form of socialism—seemed unworkable due to its clear structural flaws. This belief was reinforced by the rise of the internet, e-commerce, and iPhones. 

The charming Uncle Sam offered us all of life’s pleasures.

But things have changed in recent years. The socialist model, with Chinese characteristics, has created a noticeable middle class (relative to the population size) and reduced poverty. China has also mastered technology and mass high-quality manufacturing. For the first time, it became clear that Western capitalism—and its liberal democracy—was not the only solution.

Western capitalism is NOW exposing its own structural flaws, just as communism did after the Berlin Wall fell (Mauerfall).

The debate is far from over.