I’m not sure, but I know he is big on China. China is state capitalist, not communist. China’s growth was that of a parasite on the backs of a multi-decade, western debt orgy. The question is now that the west is in relative contraction(from the debt orby) can it keep it up. Both india and china have surging energy needs which are going to bump right up against ours. Most likely the west will get knocked down in consumption – which will equate a long drawn out economic contraction.