China achieved its phenomenal growth by sticking with its undemocratic political system but swapping dysfunctional, decadent command-and-control economics for a state-guided market economy—“socialism with Chinese characteristics.” Here and now in America, we need to stick with (and seriously reform) our political system, but to swap our dysfunctional, decadent out-of-whack capitalism for a much more democratic and sustainable one—capitalism with American social democratic characteristics.
