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But it soon became very clear that western capitalism, too, deprived of its old adversary and imagining itself the undisputed victor and incarnation of global progress, was at the risk of leading western society and the rest of the world down another historical blind alley.
Today's global economic crisis has revealed the organic defects of the present model of western development that was imposed on the rest of the world as the only one possible. It has showed that not only bureaucratic socialism but also capitalism is in need of profound democratic reform -- in effect, its own kind of Perestroika.
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