The title is pretty click-baity and I don't necessarily agree with the conclusion. The author raises a lot of good points about large systems being subject to corruption.

However, I think the internet is self-regulating. Eventually, users will choose new products, companies, and services that align with their values.

I think we're at the tail end of the first phase of internet mega-corporations. In the past 15 years we've learned a lot about how people interact on the internet, and how it's rife for abuse and misinformation. We've created systems that negatively influence the quality of our lives and relationships.

I don't believe that this is necessarily the status quo. There's certainly momentum and money on the side of existing incumbents, but I think the public is slowly catching on to their negative effects on society.

I'm actively working on what I think is the "second-generation" of social networking and I hope users will eventually vote with their dollars and time.