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I am not a historian, but I get a sense that perhaps the intellectuals at least seemed to think that democracy (in the USA specifically, but also perhaps everywhere?) were just waiting to see how this grand "experiment" turns out. So there has practically always (since 1776 when the fire of democracy was re-ignited in the world after its long hiatus) been this expectation that we might someday fail, and each time something highly challenging comes around they likely re-visited that thought that perhaps it would be soon?
The difference is that this time, it's for real. Even if there were solves already in-place for both globalization and automation, how would climate change be dealt with? I am not saying that it's a 100% certainty - nothing ever truly is, until it has already happened - but I am agreeing with you that there seems less room for hope than ever before, that our way of life will survive intact.
I predict, for instance, that people will start demanding that their employers offer them housing. They might even start demanding longer-term contracts. In essence, they WANT slavery, as opposed to what is coming: anarchy & lawlessness. What good is "freedom" when you have no home, no job, no food, and can't do what you want anyway? This whole "government = bad" idea will cause many people to take refuge in the only other thing that offers even a glimpse of a good(-ish) life: enslavement to corporations. In return they will house, feed, and clothe you - if only barely - and you will in turn commit your very soul to looking after their needs rather than your own, including devoting every waking moment of... oh my, we are already there! (except without the "taking care of you part")
USA was never a democracy, though. It's a republic, and recent decades have shown it to become more and more the banana variant.
Wikipedia:
https://en.m.wikipedia.org/wiki/United_States
I dunno, it is a plutocracy now, but why wasn't it a democracy when it started?
Democracy has it's own inherent issues, for one the majority has complete authority over any minority group. At its worst democracy is a mob that doesnt care about any minorities issues. As in if you cant get your issue/cause agreed to by more than half of the population, it's never going to happen. Democracy isnt inherently good,