This is my worldview as well in light of recent events:
The 2021 Democrats see democracy versus authoritarianism as a fault-line in world politics. They want the United States to make democratic cooperation an organizing principle of its foreign policy, partly as a means of competing with China and partly because they believe that democracy itself is at grave risk. They want democracies to become collectively resilient, including by partially decoupling from authoritarian countries. They want to work with other free societies to promote liberal norms in the global order and to compete with China and Russia in international institutions.
The 2021 Democrats are also willing to use the China challenge, which they believe is real and daunting, to mobilize support for an ambitious economic agenda domestically and internationally. They see China as the glue that could hold a coalition for reform together, facilitating a greater role for government in reindustrializing democratic economies, particularly on high-end technology, and modernizing their infrastructure. It could also incentivize much greater economic cooperation and coordination between democracies so they can present Beijing with a united front.