There isn't going to be an industry wide crash.
AAA are the ones creating all the noise because they are floundering and receive all the attention.
The industry would be better off if the majority of large western publishers went under. It would allow quality publishers a chance to shine for a larger audience and get gaming back to a healthier place. The cycle would lead to the same issues we're seeing now but the reset would be good while it lasts.
I always come back to AA and Indie when these topics come up. There is no shortage whatsoever with quality games to play from studios that are doing good financially. It's people who rely solely on AAA that are convinced there's going to be an industry wide crash. That's because they are shallow with the types of games they're willing to play. Studios that are doing the right thing need to be supported, if those games got the attention they deserve we'd see the correction we want to see in the industry.