Except it is not "run by". It is caused by collective stupidity inherent to any group of random people that causes collectively suboptimal choices to be optimal

Except it is not "run by". It is caused by collective stupidity inherent to any group of random people that causes collectively suboptimal choices to be optimal from the point of any single group member. With all the processing power and bandwidth I still feel the Web is much poorer than it was 20 years ago.