You can read statements/watch videos by Chamath Palihapitiya or Sean Parker admitting to this being an explicit strategy at Facebook. "Digital Minimalism" by Cal Newport is also a nice book that covers some of the same ground.
If you ask me, our current way of managing society is a failure. You have large, well-coordinated organizations basically selling cocaine (fast food, youtube, social media, cigarettes) on end, but the other end (consumers) are necessarily less coordinated and informed because they don't operate within an organizational hierarchy with centralized decision making, shared knowledge and people dedicating 8 hours a day to maintaining those systems. Theoretically, companies live and die by how much value they create for their their customers. Practically, many companies resemble organized militia waging asymmetric warfare on unorganized masses in an increasingly zero-sum world.
I think we need to focus a lot on organizing as people outside of the structure of a for-profit corporation. Theoretically the government plays this role but it's not enough.
(inb4 omg you hate capitalism stupid commie)