. Keating did not abandon neoliberalism, he embraced it. (the Hawke- Keating 'wages accord' was however a successful agreement - for a time - within Neoliberal parameters. But then unmanaged global neoliberalism ravaged Australia as tariffs were removed. "True capitalism"? - your mean growth via the free market, guided by an 'invisible hand'? It's a Libertarian fantasy! (I've already exposed the fantasy of Libertarianism in a previous post). Fact: Chinese 'state' capitalism worked very well for China, with growth of c.10% for at least two decades, until the GFC - an external shock caused by an unregulated, neoliberal disaster in the US (the subprime loans fiasco). And now compounded by American paranoia over loss of global hegemony to China, and the Trump-initiated trade war. No, China adopted a 'state capitalism' model, under the control of the communist party. Nothing liberal about it. again you have misread the reality (as expected from Libertarian proponents of the 'invisible hand', free market mythology. The ANC wanted universal above poverty participation in SA economy (see article 25 of the UNUDHR); of course that's an aspiration; but to blame that aspiration for the subsequent corruption and continuing poverty - which existed under Apartheid - in S.Africa, is simplistic at best. All refuted above; you are confusing ' liberal socialism' with state-directed capitalism. Meanwhile, the world is currently burdened - and heading to recession - by the Neoliberalism that has been adopted globally since the collapse of Communism in the USSR. So the threat is not with the Chinese Communist party, but with the current ruling neoliberal system... though no doubt western paranoia can force Chinese 'communism' to become a real threat....just as Trump is inadvertently snuffing out aspirations for political freedoms among those who would resist the impositions of the theocratic rulers in Iran, with his misguided policies.