The analysis is fundamentally correct.
I would add that Black-Box types of governance are not new or rare in history. Not all them dure and bleak autocracies. The Republic of Venice being one example.
Fusion technology is just an example of the potential and failure of our species. As we, collectively, have managed to expand our reach and influence the destiny of the planet, our ability of do so efficiently or rationally has not.
When talking about the West, china, USA etc we all make the mistake to consider that any solutions have now to be global to be significant.
The fact that one Country accumulate the means to destroy the world rother than another is marginal to the rational resolve of not doing it.