I blame the tech industry less than I blame the financial industry. Meme stocks, after all, don't have much to do with technology, aside from telecommunications enabling mass coordination among retail actors. Bitcoin doesn't either, although it has the veneer of tech, given that when it was known only to a few engineers, its market cap was substantially zero.

Tech companies are just reacting to market forces. The author invokes FB/Meta, but Zuck was blazing his own shitty trail with the metaverse until the market punished him beyond all reason (relative to the cash flow the ads business was still generating). He only jumped on the AI hype train when he was forced to. It's been a long time since fundamental analysis a la Warren Buffet was the core of prudent investing. But I think this is a result of human nature --- a large percent of people just like gambling, even if the expected value of their wagers is negative.

I also get the anger that the author feels. As a tech worker, my professional life is dictated to me by the whims of the market. But the all the attention from financiers is also a result of the immense wealth the industry has attracted (or generated, based on your perspective), so it's hard to complain without self-consciousness. Like many here, I probably live online a bit too much, and I try to see the silver lining in enshitiffication as a force that encourages me to live more in the real world, with my family members, in the present.