Capitalism works to extract value from technologies that create efficiency savings. As such, capitalists - and people who aspire to become capitalists (i.e. to

Capitalism works to extract value from technologies that create efficiency savings. As such, capitalists - and people who aspire to become capitalists (i.e. to live off returns on capital rather than money paid in exchange for their labour) - are fascinated by new technologies that promise efficiency savings. This is not new. It is why a lot of people are interested in YC, and this forum as a result. The problem with that system though is that it creates misaligned interests. As consumers, we want technologies that make our lives easier. But the people who are running the game - the people with money and therefore power - want to just make the extraction of value more efficient. Social media exists to sell advertising against content you don't have to pay anyone to produce, and is therefore one of the greatest utopian ideas of capitalism. There is minimal material cost, labour costs are reasonable even when you pay 95th percentile compensation packages, and to boot you are seen as a media entity that powerful people want to influence, so you can help them influence others, thereby giving you access to all sorts of mechanisms to protect your value extraction machine. The system is working as intended. This isn't a bug. If you don't like it, you need to start supporting other economic systems within these industries. Technological utopia is still achievable, but not while the people building it are so absorbed by return on capital and extraction of value. As a side point, Elon Musk borrowed money to pay $44bn for Twitter and seems intent on driving it into the ground, which we might all say is an example of the capitalist system self-correcting. Except since Trump got elected - the candidate he endorsed and heavily personally promoted on that platform - the value of Tesla has gone up over $200bn. That's not self-correction, that's the system working as designed. You need to decide for yourself if you think that's healthy for you and your descendants. I'm not convinced it is.