When will this madness end?
Who is willing to pay such amounts for a transaction?

This is what Ethereum has not been able to perfect until now, everyone says the same as you, but because there is no other choice, makes people stick and continue to use it, so that choice becomes an alternative in making transactions.
However, if you look at the current ethereum response, with the discussion of high transaction costs, it is very much different for the two, we can see from the current state of ethereum in cryptocurrency to its position, people's response to the two is very different at this time.