Yes. Obviously.
I too most often point to late 18th century France - the final days of the Ancien Régime - as the best comparison of which we have extensive knowledge. They were in essentially the exact same position that we're in right now - with an entrenched and wholly self-absorbed ruling class manipulating absolutely everything for their immediate gain entirely regardless of the harm done to others or to society as a whole.
And apparently the lesson the ruling class in the US has taken from their history is to try to arrange things so that the peasantry won't or can't rise up against their egregious abuses.
Which of course just means that they'll be able to, and will, keep on undermining everything for their own short-term gain that much longer, until the whole rotten structure inevitably collapses under its own weight.
Either way, they lose in the long run, but they're so profoundly mentally ill that that won't stop them.