Simple answer - too much Content chasing too few Eyeballs.
Content (Supply) keeps growing but Eyeballs (Demand) is fixed by the number of people and time available.
This is an unstable State in an Attention based Economic system that doesnt acknowledge the massively growing difference between those 2 curves.
We have seen this in Cash based Economic systems where cash is printed faster than products entering the market. People in the market spent centuries attributing the consequences to everything other excessive money printing cause it was non obvious to them that money supply was increasing too fast. This is why central banks emerged.
Same story here. People will talk about everything other than Supply massively overshooting demand because there is no Central Attention Bank monitoring the divergence. So we just get huge amount of cannabilism and everyone shocked and suprised by it.
Comments
Simple answer - too much Content chasing too few Eyeballs.
Content (Supply) keeps growing but Eyeballs (Demand) is fixed by the number of people and time available.
This is an unstable State in an Attention based Economic system that doesnt acknowledge the massively growing difference between those 2 curves.
We have seen this in Cash based Economic systems where cash is printed faster than products entering the market. People in the market spent centuries attributing the consequences to everything other excessive money printing cause it was non obvious to them that money supply was increasing too fast. This is why central banks emerged.
Same story here. People will talk about everything other than Supply massively overshooting demand because there is no Central Attention Bank monitoring the divergence. So we just get huge amount of cannabilism and everyone shocked and suprised by it.