I didn't take my time to read this with my full attention, I'll be the first to admit; But I think this article is being way too dramatic and paranoid. And thats coming from somebody certifiably overdramatic and paranoid.
EDIT: to add, it does have some reference to past and current events in the technology space but it quickly devolves into baseless, referenceless speculation.
Also, is this just a "stole this topic from xyz social media" article but from Hacker News instead of Reddit?
It's not confirmed. Its just pessimism, albeit very well argued and precedented.