YES!!!!
When I was a young guy, I went more than a bit overboard on the whole pepper and EDC thing. Int was only when I was older, that I felt like what was an awakening from a drugged or feverish nightmare and how insane it all was. The EDC thing has largely replaced the 80's and 90's prepper nonsense, but it gets just as silly. In my 30's and 40's I had forgot what I learned from watching my dad and Uncles deal with life, with very little.
I'm past my projected shelf life now, so I don't know how many more mornings I'm going to wake up, but looking back on it all, I deeply regret the time and money I spent on nonsense of 'collecting' all that crap. A simple pocket knife and a few odds and ends is all you need for the real world. You can drive yourself nuts trying to prepare for any emergency, but you can't. Stuff happens, and you just deal with it. My fathers and Uncles all slugged through a great depression and then went off and fought a vicious WW2, and then came home and lived normal lives. They didn't walk around with a ton of 'stuff' in their pockets, just a few things like that simple pocket knife, a P-38, a Sear's 4-way keychain screw driver, and if they smoked, a battered Zippo lighter that they had carried in the war.
Yes, the whole EDC thing, has got crazy. Since I sold off/gave away my stuff, all I bother to carry now is a small SAK and the same few items my dad and uncles carried. So far I've made it a lot years without having to save the world.