Even in "western" rich countries there is a lot of growing unequality. The capitalism is falling by itself.
Also, I would not consider China poor today, and certainly even less so in the future.
Singapore is ranked 3rd in the world by PPP, at $100k The United States is ranked 10th with at $62k
I can come with with hundreds of criteria by which US is laughable, take foreign debt for example, or number of people dying from preventable diseases.
This is not as hot of a take as you think. Many reactionaries believe that a monarchy under a good monarch is the ideal government system - much better than a democracy where uninformed voters make so many decisions
Chile is a good example of a "western" latin american country. Brazil/Argentina are bad examples. Brazil for instance, has state-ownership of its entire oil industry - pretty textbook socialism.
Or maybe the divide isn't clear cut, perhaps?
Yes, like that socialist disaster that is Finland.
(Besides, Brazil does not have state ownership of its entire oil industry.)
Chile? Just look how people are satisfied with their system nowadays... Behind seeming positive macroeconomic numbers, there is a very unequal society. Chile is the most unequal society among all OECD members. The riots that happen there right now are not against any socialism, but against the liberal fail. They followed strict liberal rules since Pinochet dictatorship, and that is what it became.