I agree. The center of capitalism may have shifted to China, but they'll have to deal with (are already) dealing with the same problems and it'll probably happen even faster for them. Instability in the system is only overshadowed by the growing instability in peoples lives. I think most people feel this and the discourse has fundamentally shifted in the west, but these are tectonic and unpredictable forces.
A parting thought: from a geo-political perspective, I understand the purpose of essays like this but like I said I think its losing the forrest for the trees and at great risk.