What we are experiencing is acceleration. Left-wing accelerationists want to bring on capitalism's end-stage calamities in order to foster a revolution that will overthrow the bourgeoisie. Right-wing accelerationists think that worsening economic conditions will trigger some sort of white-nationalist boogaloo garbage. I'm not an accelerationist, for my part, but it's pretty clear to me that acceleration is happening. Capitalism has been in objective decline for decades, but now the decline is happening faster than most of us ever imagined.
There's an inevitable sequence to this sort of thing. Capitalism becomes corporate capitalism ("Stage 2") due to business consolidation. This requires the proliferation of middle management positions, both to curtail inefficiency and to prop up a middle class (preventing overthrow) while small businesses die, so what you get is an evolution into managerial capitalism. ("Stage 3") At this point, bureaucratic diversions make it hard to know what is happening, and few people--least of all the overpaid boneheads on top, who can't tell when they're being lied to--know if their managers (or consultants) are any good, so this leads to reputation capitalism ("Stage 4") in which there is no such thing as truth--there is only what people say, and power resides in the ability to control what others say. (In other words, might makes right.) This leads to widespread, deliberate misinformation that proliferates; the system begins to shake, but the nature of post-truth capitalism ("Stage 5") allows it to preserve its own stability, for a little while longer, if it can convince a large number of people that they're either already winning (bourgeois false consciousness) or destined to win (fascist fuckery). This isn't hard at all, in a world where nothing means anything, and in which the convincing telling of lies is the surest path to prestigious jobs and high incomes.
We now live in a world where having a national reputation is necessary just to get an average job--hence the pathological obsession of the young with fame and "influencers"-- and in which admission to the most prestigious universities is as competitive as it has ever been but the product is the worst it's ever been. We have the right wing using fascism to win; we have the left wing diverted into callout-culture identity politics and virtue signaling instead of actual change. The dysfunction of capitalism can no longer be contained. We have stagflation now and will see worldwide food riots in a year or two. Read up on the Russian 1990s if you want to know what the capitalistic world (which is now the entire world) is in for.
Is everything falling apart? It's hard to say. It'll get a lot worse in the short term, but humans and human civilization are resilient.