The current children that replace them will be much more educated due to free information.
I don't see how this doesn't create a huge jump in productivity in the developing world (~50% of the population).
That said, I'm not sure it's a guarantee that kids will be more educated and productive. I spent quite a bit of time in Africa (Kenya and Cameroon for projects, Uganda for holiday) last year and many people are relatively highly educated (e.g. local university degree) but still cannot get work, access to finance to start their own biz and be productive, or as soon as they make some money their business will get taxed (legally or illegally) to death. So other factors beyond education holding folks back, and even if it was just enabled from online learning, I think we'd see much more takeup of MOOCs and the like.
Edit: Grammar
Misinformation is mostly affecting a relatively small portion (~10%) of the population that is predisposed to believe conspiracy.
It's not like your BiL who thinks Lizard People are running the world would've won the Nobel prize in Physics if it weren't for that Facebook post by your aunt that rotted his brain.
Information as a whole is good (so far).
Ten years ago there was a lot of optimism that moocs we're going to bring education to the masses, make $40k/year tuition entirely obsolete, but that seems to basically have entirely failed.
It's amazing living with what seems like all human knowledge on tap. We haven't quite reached the point where you can call out "Tank, I need a pilot program for a B-212 helicopter" but damn it sure gets closer every year.
It's still great that useful content is there for those who want it, and arguably good that it is subsidized by the junk, but it's not like "useful content" is keeping the lights on for YouTube.
I still feel like you're being overly critical. There's a huge variety of content out there that appeals to a broad array of folks. "Useful" is highly subjective.
I pay for Youtube premium. My qanon-espousing mother (sigh) won't even log in to youtube. I couldn't even begin to speculate which content generates the most revenue - do you have any statistics?
The anti-vaxxer case is quite illuminating actually because anti-vax sentiment has seemingly only increased as the internet has become more popular. Good information does not win out in all cases.
Why? The vaccine isn't very effective in preventing transmission of Omicron (only ~40%).
Anti-vaxxers are not the thing preventing Covid from ending at this point.
I mean - sure, with a different virus where the vaccine is close to 100% effective at preventing transmission or the R0 is not much higher than 1.
But not with this virus.
Why are anti-vaxxers getting elected to congress any worse than people who believe in Lizard People getting elected to congress?
What happens, as the article indeed points out, is that many things keep breaking, and we keep fixing and repairing and improving and more things fail and stop working and then again we fix and replace them. And so on and so on. The main problem is that people suffers in that process. The system self-regulates, sure. Nature self-regulates all the time through natural selection, evolutionary pressure and competition. That doesn't make it right. We develop medicine because being human is the opposite of accepting the randomness, competition and cruelty of nature. We want to have control, we want people to be happy, we don't want to be exposed to arbitrary tragedy, unfairness, pain.
As I always say, don't confuse the comfort of your boat with the state of the sea. That you are comfortable riding the current wave of pressure doesn't mean no one is suffering. This doesn't mean we should never grow, but it means we should do it responsibly. Saying growth is already responsible because the world keeps self-regulating is just being blind to many of the dynamics of the system.
And ok, one may argue that finding an equilibrium is impossible. That when there are resources available, we will always start taking more and more, growing above our possibilities, taking water until we hit the bottom, dumping shit until it spills. Then pressure and competition kicks in, people fall, people suffer, self-regulation is the way and all is good again. I don't understand.
(sorry for the rant, I understand you may also have concerns about the rate of growth and welfare of people in the process, but I wanted to share this take anyway)