Go to Shenzhen or Shanghai, if that's what communism looks like, then it has already won. A few weeks ago, when I was in Shanghai, I went for a walk and saw more McLarens and Ferraris in a few hours than I've seen in New York, Berlin, and Paris combined.

They're more capitalist than we (the West) ever were. Communism is basically only something that remains in the name of the party. Their version of capitalism just has a lot more state involvement and capital controls, which lets them plan over longer time horizons more successfully and pivot to new priorities much faster.