[ycdxvjp]

Both are doing the same thing we saw happening to real-estate leading up to the 2008 meltdown.

Replace real estate with Attention and its the same story. Attention is finite just like Land. There is only so much of it that can be sold limited by money supply in the system. Once that limit is reached cook up bullshit to keep selling real estate and in this case view counts up.

Interesting difference is it's not just about bubble bursting but also info sewage accumulating in people's heads through this notion that info flow into people's heads can forever increase.

[mikepurvis]

But do social media companies ever really pay for the externality that is "info sewage accumulating in people's heads"? To me that's a cost that will always be borne as a society— chaos in the public square, unproductive political discourse, broken families, acts by extremists, etc.