The notion of capitalism and free markets as the best system for economies is being challenged in the US and elsewhere, while China’s state-driven industrial model provides a compelling alternative.

As policymakers and businesses look to tip the scales to gain a competitive edge, the laissez-faire attitudes that propelled Wall Street and Corporate America are being rethought. Yet Europe’s more socialist system has left its capital markets and innovation ecosystem lagging, while other regions have come up with hybrid models.

Where does that leave capitalism as a concept?