When China opened up to foreign investment four decades ago, many predicted capitalism would bring democratic change. But they were wrong. Emboldened by the 2008 financial crisis and now America's catastrophic handling of the pandemic, Beijing is offering up its authoritarian model as a thriving alternative to the liberal values of the West. #China+ #Asia #BloombergQuicktake -------- Like this video? Subscribe: null Become a Quicktake Member for exclusive perks: null QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel QuickTake News for breaking global news and insight in an instant.