I agree with most of what you saidx however i disagree on following thr east asian economic model. I was in Singapore last month and yes the country looks great and so does their economy but that doesnt benefit the people.
In Capitalism wealth is created but not distributed rather the rich get richer and the poor get poorer, speaking to my Singaporean colleagues who tell me that the average person is struggling to survive because of the cost of living.
I think we need to look to the Islamic political system for our solutions.