May? I'm pretty sure there's a crisis coming one way or the other, but the crash happens only when they fail to make God In A Box.
Most people can't agree on what God In A Box (AGI, the singularity, whatever) even is. We don't have a widely-accepted definition for it.
The SMART criteria for creating goals has been around since 1980 [0]. Goals need to be Specific, Measurable, Achievable, Relevant, and Time-Bound. This is stuff that they teach most people in bachelor degree-level college course. Not even. Maybe in high school or associates degree-level courses.
If God In A Box was the goal that SV sold all of these investors on to the tune of over a trillion dollars of investment, the best thing we could do with everyone involved is have a massive settlement where all of their money just goes to pay off a fraction of the national debt and they're banished to live in the Alaskan wilderness, never allowed near more than $50 at a time or long-distance telecommunications devices again for as long as they live.
China is ready to step in with millions of PhD-level graduates.
Keep in mind that today, if essential workers go on strike, those in power have to listen. What happens if people on UBI refuse to... something? Especially in a world of increasingly automated policing and surveillance?
I think the humans still have quite a chance to overthrow a police state tyranny.
But what you say also gives us a path back to economic relevance: you can make money by selling policing equipment to increasingly paranoid states. They'll never be satisfied with what they already have. It doesn't even have to be a useful product, it just has to satisfy their paranoia while also fueling it.
Interesting times.
I would like to take away the gasoline before they figure out that wood burns better.