A lot of people are seeing an inexorable march towards the total collapse of the tech sector, and since the tech sector seems to be solely responsible for continuous growth of the American economy, our entire economic system. But in reality, that is very unlikely to happen. I'm not an economist; I just have eyes and can look at previous situations throughout history. I'm the first to admit that people, Americans especially, live under a perpetual normalcy bias, believing that how it is now is how it always will be. However, there's very probably no massive collapse coming, economically speaking. When tech giants final realize that the gig is up, when it is painfully evident that the model they have been pretending will be sustainable in perpetuity fails completely, there will be consequences. Severe economic consequences. But capitalism won't suddenly give way to socialism. That's just not how it has worked. There will be a recession, possibly a depression, and it will SUCK, but on the other side capitalism will be welcoming us back like the prodigal son's father from everyone's favorite book of fairytales. There will be more incentive to be much more realistic in how businessmen operate to avoid calamity, but that will only keep people in check for so long. That is what makes this so predictable: people don't learn and unknowingly create a cycle that just keeps repeating throughout history. Same shit different day.
"The assumption that animals are without rights, and the illusion that our treatment of them has no moral significance, is a positively outrageous example of Western crudity and barbarity. Universal compassion is the only guarantee of morality."