> How did the Internet get so bad?
The article misses the point. The problem has its root in monetary policy. The problem is supply-side economics.
Money printing and giving control of the money supply to banks has made consumers redundant appendages of the financial system.
Imagine that you're the CEO of a unicorn startup or a big corporation and you constantly deal with investors, banks and customers.
Which of these 3 groups do you derive most of your wealth from? Banks and investors.
Banks print money and loan it out to your investors and your investors use that money to buy your company stock and drive up its price - Also, banks loan your company money directly to buy back its own stock...
As an executive, if you want to maximize your bonus, banks and investors are the only two entities you really care about... Your actual customers are merely appendages; they're merely a useful metric which allows you to get more money from investors and banks.
So long as all the new fiat money enters the economy through big institutions and big investors via bank loans, the consumer will always be an afterthought in the decision-making process.
You're the product because you're not the source of money. Consumers don't have any money. Only institutions have money because they're printing it for free and distributing it among themselves by the trillions.
That's why we need UBI (Universal Basic Income) urgently - That's the only safe way to switch to sane demand-side economics.