I don't know if I'd call it spiraling out of control, so much as the inherent nature of capitalism. The upper class in control of resources and wealth attempt to maintain perpetual economic growth and momentum of acquisition, as is a fundamental of capitalism, which cannot happen even at a basic level without exploitation of a 'lesser' class, which will inevitably be 'exhausted' or no longer provide the growth expectations, resulting in capitalist reach extending futher.
What we're seeing is, in the later stages of capitalism, that 'lesser' class impact extending to classes and societal groups that aren't condition to or traditionally experience this level of capitalistic pressure, namely what we'd once call the "middle class". Everyone outside of the upper class sees some pressure from capitalism, as that's how a classist hierarchy works. Classism is the bedrock of societal divisionism and hierarchy. But capitalism is all consuming in its pursuit of greed, and when the lowest classes are bled dry, and the pursuit for wealth must be maintained, other classes begin to feel a pressure they aren't entirely used to.
It's how you end up in a situation where the concept of the 'middle class' basically gets eroded as the cost of living and average wage disparity no longer fits a proportional trend. It's why previous generations are a combination of willingly ignorant and also genuinely confused at how someone today working an okay-to-good job can't just, you know, afford all the things in life or just save a bit, because that's what they did in their day. It's what results in the housing market crashing in so many 'developed' countries, like Australia, where the cost of living and availability/price of properties in a city are just so fucking outrageous that people in excellent careers cannot afford to buy a home, and even the rental market is oversaturated.
Because all of these things have already impacted and destroyed minority and poverty groups, historically the lowest of classes due to the symbiotic nature of racism and classism, and capitalism's eternal growth must now extend its reach further.
