I agree and disagree with parts of what you said.

AI may have caused a distinct trajectory of the problem, but the old system was already broken and collapsing. If the building falls over or collapses in place doesn't change that the building was already at its end.

I think the fact that AI is allowed to go as far as it has is part of the same issue, namely, our profit-at-all-costs methodology of late-stage capitalism. This has lead to the accelerated destruction of many institutions. AI is just one of those tools that lets us sink more and more resources into the grifting faster.

(Edit: Fixing typos.)