TL;DR if you wish: World now is transitioning from G7 (which is G1 really) to real G20.
Globalization caused rise of powers: China, India, Russia, Brazil, etc.
I think that world will be in better shape after that - concurrency and need for consensus among more than one player.
What's interesting is each reader of the above comment will take something different away from it, based upon their political alignment.
What is interesting is that society hangs on by a thinner thread than we imagine. Chaos lurks just beyond a corner. Preventing it is much easier when in union.