This was the thinking in the 1980s when the US invited China into their global trade network. The thinking was they would move away from communism and Russia and towards an open Democracy. That happened in some small ways but has since been completely undone. Such as the Democracy movements in the 80s that were ultimately crushed in Tiananmen square. Or more recently, market reforms undone by Xi.
Basically we are back to where we were in the 1980s in many ways.
Basically we are back to where we were in the 1980s in many ways.