The main reason for the harm today’s internet platforms cause is the misalignment in incentives between users, creators & the platforms — or demand, supply and platform incentives. And a lot of it comes down to advertising-based business models.
as we spend more and more time in virtual social spaces and (by necessity) less and less time in physical social spaces, we observe the continual movement of virtual social space towards asymptotically superficial echo chambers and the participants in these echo chambers trained for skills like emotional fragility, virtue signaling, conformity poli... See more
The company, then, is a modern phenomenon, at least in the way we usually think of it. What seems so embedded and intractable today — the default for most new ventures — is really just humanity’s latest attempt to solve the problem of coordination.