Point noted, yes it’s more a reinforcing feedback loop aka positive feedback loop. Although with more consideration it’s more of a system collapse than a feedback loop. I suppose one could credibility debate the terminology but “potayto” “potaato”.

I looked up “negative flywheel” and is corporate mba jargon, it seems to be an evolution of the business management term “flywheel effect” but for negative situations… except it’s more contrived because the business world already defined that as a “doom loop” which at least makes more intuitive sense.