Earlier quoted context omitted.
The core problem is really that passwords suck and should never be the entirety of authentication. Time for hardware tokens! (admittedly there are some big problems when people lose tokens, but at least that's not a problem of insecurity ;-))
Depends on how you define "insecurity". Availability is one of the pillars of security, so even your joke falls apart. Several years ago the trendy thing to do for security was to get a USB-A security dongle and lock your important accounts with it. Nowadays, laptops from several major manufacturers no longer ship with a USB-A port, so if you need to log in again and don't have a USB-C dock handy, you're locked out u…
Either way, availability can be compromised by a hack due to passwords being phished and I think I'd prefer dealing with hardware tokens than the fallout of being phished or otherwise suffering credential compromise. That said at this point I probably wouldn't issue hardware tokens en masse until proper processes are in place to manage them (and their loss/breakage/etc) - it's certainly not solved to my satisfaction yet.