Yes, the Global South will probably see massive improvements in living standards in the next few decades as they begin to ally more with China and leave the empire behind
As for the rest, yeah. The Capitalist/Imperialist Bloc just isn't in the same position as it was in the 1st Cold War.
I want to move to China but at the same time I also wanna stay here for when the time comes. Still conflicted on this one, because I'm definitely not planning to die on a war to line up the pockets of some rich bastard