"Peak tech" is two words I just pulled out of my arse an hour ago.
Let's define it together.
For me it's a palpable sentiment not a definition. But some people here seem to "get it".
The "tech industry" is not just an activity, it's a culture. Many of us, including (particularly?) developers are increasingly fed-up and disappointed by the direction digital technology is going. Not because we dislike technology, but because of what a minority are doing with it to gain power and wealth to the detriment of everyone else.
I don't think things will change for those investors who are smart enough to see the writing on the wall and switch (as they are doing) to physical technologies. FWIW I love the startup mind-set.
But this cynical flogging of surveillance capitalism, screwing over users, social control and smartphone bandwagon has been sticking in people's throats way beyond this community for some time.
The pain and anxiety equals or outweighs the perceived benefits - not just to a few geeks - but to people like my parents, siblings and neighbours.
That's "peak tech" for me.
Please don't. OK, I get it now. Your point above wasn't about "peak tech" at all[1], it was about this part, which you didn't mention. I think you're wrong, FWIW, but am not going to engage.
[1] In either the sense of "peak tech startup investment activity" or "technological progress as commonly undeerstood".