Everyone knows that communism is hopelessly inefficient and has been entirely discredited. There might have been some doubt 50 years ago, but since the end of the Cold War there's no question that capitalism has won. The bureaucratic, centralised control of the economy could never have really expected to compete with the dynamism of the free market.

Which makes me assume that the Economist had made an enormous mistake when it says that China has 20% of world GDP, the US has the same and India has only 8% of world GDP. Surely they must mean China has 2% or something like that. Maybe they mixed up the numbers for India and China. India is a promising capitalist democracy, and has approximately the same number of people as China. The Economist is usually very reliable with their figures, so I'm surprised they made such an embarassing mistake.