This is the classical argument that capitalism is the best motivator of development since it is considered natural(selected as dominant till now) and by extension better fit for human nature.

Yet it is destroying itself, meaning he believes human nature will destroy itself, he then go on to say China is Capitalist, more specifically the government, that would assume the role of exploiter, then internally capitalism seem somewhat to be the exploiting structure reinforcing the idea of hierarchy and exploitation that generates more economic value and justify the inequality.

Probably because if it’s working it must mean it is capitalist in someway, they don’t conflate Cuba or another places with Capitalism because they don’t see the countries as economic powers.

The main differences would be that China invest in their workers, and Capitalistic countries don’t, the solution would be invest in the workers, but then he fails to notice that the failure of investing in workers isn’t a miscommunication or mismanagement, but a feature of capitalism itself that deny any handouts or any advantage to the masses to keep it up with the elite.