It was never our industry. There was a brief window ~2008-2010 where software engineers had a lot of power within their orgs, but at the end of the day we were always the laborers, never the owners of this industry.
Capitalist loathe a monopoly on skill, it gives labor a dangerous amount of leverage.
The people who own our industry, mostly venture capitalists and other investors are interested in capturing value at all costs and limited this power that engineers had.
This was the drive behind "MVP" and "ship it!" cultures that are partially responsible for this mess. But complexity is also valued by management because it reduces the ability of an individual engineer to have an impact, thereby reducing their monopoly on skill. In addition we've seen an industry pop up which focuses exclusively on rushing in new, minimally skilled, looking to make a quick buck devs. These are people only know how to fiddle knobs in a big complex machine.
This is also why the hiring process is even more awful today than it was a decade ago. A decade ago anyone who was passionate about programming and had a github repo willed with cool projects could get hired. This has been transformed into a machine that seeks to make sure every engineer is the same, trained only to pass a series of algorithmic puzzles from leetcode and hacker rank. These are even different than what they emulate: the old google challenges where hard but given by devs who knew what they were doing. Half of the algorithm puzzles I've been given in recent years are clearly by devs who only understand what the answer is, but don't really have any deeper insight into the problem.
> are we doomed forever?
Only until this latest wave of tech (it's not really a bubble) crashes. Once demand for software skill plummets then it will likely be like the dotcom burst valley of 2004-2010. The only people doing software where people who cared about it, and because salaries crashed many good engineers found other niches they could apply their skills in. That's when you saw some really interesting problem solving going on in the field.