Italy Joins China's New Silk Road Project

The weakness of centralized planning is what allowed the western way of life to dominate in a world where technology hampered its effectiveness.

In this new world we may need to accept that our individualistic nature has become that very same weakness that dooms our way of life in the great game of life.

Maybe it's getting late, but I can't seem to parse your first sentence.

What is the its you are referring to when you say technology hampered its effectiveness.

Secondly, I don't believe it is widely accepted that our nature is individualistic. Individualism is a moral stance, political philosophy, ideology, social outlook.