I saw this years ago and it's really appealing. I still don't understand if the thesis here is true (are things really getting worse or are we just seeing software of the past through rose tinted glasses). But it feels like we could do things much better with better incentives and if we aligned our efforts much better across the industry.
It feels like it could be a possible scenario that we otherwise end up in a situation where software in general become unmaintainable in practice.
Please watch the [Preventing the Collapse of Civilization (1 hr)] presentation by him going into details why it is happening what you observe.
https://www.youtube.com/watch?v=ZSRHeXYDLko
Edit: Corrected the uppercase spelling of person's name.