What many of us are actually experiencing is existential terror about capitalism itself, but we don't have the conceptual framework or vocabulary to describe it that way.
It's a cognitive shortcut to look for a definable villain to blame for our fear, and historically that's taken the form of antisemitism, anti-migrant, anti-homeless, even ironically anti-communist, and we see similar corrupted forms of blame in antivax and anti-globalist conspiracy thinking, from both the left and the right.
While there are genuine x-risk hazards from AI, it seems like a lot of the current fear is really a corrupted and misplaced fear of having zero control over the foreboding and implacable forces of capitalism itself.
AI is hypercapitalism and that is terrifying.