Only 15 minutes in, I have to say that you and Mr. Kent right off the hop are dealing with questions that are unanswerable because of the context and framing from which they are asked.
First - is it too late for “our system”.
What is “our system”? A managed political system controlled by private central banks, oligarchs, and the security state? “Our democracy” as a participant in “the rules based international order”? “Our system” - this is what has to be anwered first, because as evidenced by the comments, most of us suffering from Normie mental maps of what our system even is reply, automatically, “We are doomed!” - but the system?
Consider the system begun with the 4th crusade that won control of Constantinople market access in 1204 for Florentine, Genoese, Pisan, and Venetian merchants and which built itself a coalition with the Mongols as they destroyed Silk Road network nodes from 1207 up until the 1340’s. For their rivals, this was collapse. For the Italians and the Mongols, this was victory. It all held together - slavery, the silver to gold exchange hustle - until the Black Plague arrived in 1343-1344. Then, “the system” collapsed, which was bad news for the system, but great news or no big deal for other parties.
“Our system” - private central bank debt as the basis of all enterprise, social life and governance; social isolation mandated by urban planning; private bank collateral expansion uber alles; etc.
Well, that system f&#&$$* sucks in many ways.
However, it is waging a global war of attrition against the multipolar rival system of private central bank managed currency exchanges and, as of right now it is losing militarily but winning strategically.
The discussion is set up to fail in anwering its own initial question because we must define our system. We must discuss what is happening to it factually. To pass a judgement of “is it too late” - maybe “too late” for its curent incarnation, but right on time for what comes next.
As I see it, I am subscribed to Blaine Holt’s analysis: we are caught between efforts of nationalist-sovereigntists against monetary powers to dominate the globe. Our “system” is a state of affairs. We have been born and raised in the midst of fifth generation warfare dominated by those interests battling it out. The pattern is holding and will define the next several decades, at least.