Capitalism and oligarchy would be a shitton of progress for religious autocracies, covert monarchies, unapologetic monarchies and dictatorships. Those dozens of counterexamples countries for which they’d mean a regress are statistical outliers and shouldn’t be counted.
Many, but not all. There are authoritarian states and dictatorships on both ends of the colonialism export/import spectrum, small and large. But yeah, for a while “The West” has been… expansive.