Capitalist-Socialist is a better term to describe China's political system, However, China is also ruled by a single party with about a handful of rulers. It is some how authoritarian.
Communism evenly shares food and other stuffs among its citizens. So, it encourages laziness and China today does not look like communism but really looks like capitalism where you die if you do not work.
Socialism is in between capitalism and communism. Democracy could lead to socialism, which in turn could lead to self destruction like Greece.
What do we call US? Socialist-Democracy? We have generous welfare and free speech.
Democracy may not work for countries with low education. It could and have led to corruption as indicated in many Asian countries, present or past.
We cannot weigh the same vote for an educated citizen and a bum. We can have an IQ meter in the vote booth. Your tax return for last year will be handy too as we should not allow representation without taxation. Quite extreme even for me but just a thought. :)
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