^ One positive aspect of living in a Keynesian culture is that norms can change at the blink of an eye, since it basically shares its underlying mechanics with what causes bank runs. If smart money says that other people will start predicting that other people will predict being gay is just fine, then people will start selling their investments in anti-gayness asap. (With the exception of subcultures where social status derives from reversing other subcultures.)
^ At present, moderately healthy subcultures are able to survive because people vote with their feet (or find virtual bubbles) and more or less isolate from the rest of the world. Their survival depends on being visible enough that kindred spirits from afar can find them, but not so visible that belligerent cultures start to target them specifically with absentee punishments.