I do believe that this is a temporary phase, and things would return to a bit of normalcy in a few years. It's my hypothesis that political pendulum swings between two extremes. 2016-21 was a period of extreme leftist opinions and it was problematic too in many ways. The other extreme is a hundred times worse and most people have lost taste for that, too. Secondly, the support for these movements mostly stems from an aging demographic, a lot of which are just passing their last few years.
But I would say social media needs to be clamped down/regulated, free speech be damned. It has caused enough evil already. Can't let a few billionaires decide the direction of world politics.