Further in example sentence
The real contenders among economic and political systems seem to be a relatively humane welfare-state capitalism -- which is the system that defeated Communism, but which seems to be falling apart in both Europe and North America; a raw frontier-style capitalism, with few protections for the unlucky -- a system that seems to be the objective of conservatives in the United States, and may be the eventual outcome in much of Europe; and an oligarchy in which the power of the state is used to further the interests of the elite, with little pretense of either socialism or democracy -- the system that now prevails in China and to a lesser extent in some other Asian developing countries, and that could easily become the future of much of the former Soviet Empire.