Ya sure but whats the way out? We have to go from Observations to Solutions.
Just look at how people's Attention on all sides is being exploited. If no one can remember what they were hysterical about last week, how can they be relied on to solve anything?
People are able to over night get more Attention than Billionaires and then convert that Attention to cash or influence, and its always fleeting as there is someone else around the corner about to capture Attention next.
How can such system do anything useful? I mean people are in la la land that architecture can produce results.
Why do we have central banks that decide what the interest rate is going to be?
Because the govt, banks and the rest of the market is unfit (proven throughout history) to do so.
Social Media/Attention Economy needs a similar mechanism when it comes to Attention.
We can't just go on living in a day dream that Rate at which the population's Attention is switching from one issue to another (thanks to algo's engineering for quarterly profit maximization) can just be left to Fate.
People's Attention both on Demand side and Supply side is being massively squandered more than at any time in history. Its like watching seizures in the brain. And people are like no no the system can function.
It can't. And the choice is to realize is sooner than later.