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While I also neither lived through 1991 nor knew those terms, I found the text fairly understandable. But that might be, because I'm familiar with the political landscape the text describes.

I think this text is touching the basis of what became known of as the story of "the end of history" which we did cover in schools history lessons although not very detailed.

The article describes a trend of both the political right and left to the center, i.e. modern liberalism, which means that these distinction became less extreme. However this trend has now reversed. On the right that trend led to a rising of a new political party (AfD) that poses as the old conservatists to frustrated voters, but are actually more fascistic. On the left the party previously called communistic now calls for more aggressive "actions", accelerated by the split of of the not more conservative, but more aligned with more "bourgeois interests" flavored wing of the former. This also explains while the latter now is also seen favorable by voters who would previously would have been more aligned with the political right.

Thus, the text is neither outdated nor topical. It does not describe the current political landscape, but the origin and causes for it that lay in the previous one. As such it is very topical again.