Anatole Kaletsky hot foot back from Davos writes in The Times :-

The question that nobody wants to raise is whether the new model of capitalism that emerges to dominate the world will be a radically reformed version of the Western democratic system or some variant of the authoritarian state-led capitalism favoured in China, Russia and many other emerging economies.  

“The West must come up with a new model of capitalism that’s consistent with our political values,” he quotes a US diplomat as saying. “Either we reinvent ourselves or we will lose.” 

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