It hasn't. Not yet at least. We need one more big event for things to really go to shit.
Financial Crisis in 2008 pushed us back a bit and led to the Occupy Wallstreet protests in 2011, but nothing happened from that and everything mostly recovered just fine, then Covid hit in 2020 and although that led to a lot of riots and protests, layoffs and the wider culture remaining stagnant for more than four years we're getting closer to the light at the end of the tunnel.
One more event in the current culturial climate thoughever would the nail in the coffin.