I don't think it's baseless at all. But things aren't binary nor static, they're flows and tensions in a constant state of flux.
Western individualism takes third worldist thought and transforms it into "there's no hope, only options are escapism or adventurism". Rather than taking it to mean class consciousness isn't a given in the imperial core, it's something we must fight for and cultivate.
It's also a good temper to the Trotskyist chauvinism I'm growing ever more tired of.