"[The internet] is the way it is simply because people tend to be extremely similar in their vulgar and prurient and dumb interests and wildly different in their refined and aesthetic and noble interests."
Like, the internet is banal because we're (the rich world) all on it. It's not a weird little niche anymore. So it's now subject to all the (rich) world's problems. Racism is a problem on Twitter not because of content moderation difficulties or the lack of sufficient compute power to run sufficiently intelligent AI, but because it's a problem off Twitter too. Getting nickel and dimed, scammed, deluged by ads, or tricked by dark patterns is a problem on major platforms because it's a problem in meatspace too. We all know this, because our main fear with AI (the latest and greatest tech) is that it will soon also have all of these problems, and just amplify them even more than the internet did. It totally will!
But FWIW I think cool things are happening. Wireguard and Tailscale are cool. I hate to admit it, but some Blockchain stuff is cool. MLS is cool. ActivityPub is (maybe) cool. You just gotta get out of the browser.