It has nothing to do with capitalism, it's all about strong government, strong institutions and the people who understand and pursue a common goal i.e: a synchronized society
Not OP, but I think what he's referring to is communism declining a generation ago:
> Following liberalizing economic reforms in the late 1980s and early 1990s, India is now one of the world's fastest growing economies, as well as the second most populous.
> Following liberalizing economic reforms in the late 1980s and early 1990s, India is now one of the world's fastest growing economies, as well as the second most populous.
https://web.archive.org/web/20110520002800/https://www.ers.u...