A point I'd like to make is that I think the more developed an economy gets, the better free market capitalism works when contrasted to state capitalism. For example, Japan became a juggernaut after WW2 largely due to state capitalism. The state basically said "we're stuck in the primary sector, but will do everything to become the leader in secondary, tertiary, and quaternary sectors", and they did. It was only when the rest of the world caught up that Japan had to compete, and their state capitalism became inefficient

China is doing a similar thing, but looks like they will not make the mistakes Japan did. While they are strongly state capitalist, they are gradually moving towards freer markets in areas they can. People say China is the future, but they don't realize how true that is. China is going to be incredible in the 22nd Century, and it will depend on both its state capitalism and free market capitalism. By then it will unlikely have much state capitalism left though