Digital Economy is capitalism at its worst

It is one pf the promises of digital transformation to bring equality and wealth to both producers and users of material and non-material goods, services, etc. It seems that the WWW and  new technologies provide openness and better accessibility for everyone; however, the self-reinforcing (feedback and exponential) dynamics of algorithms fosters a (n economy of) monoculture and promotes only a relatively small group of “winners” (winner-takes-all dynamics). Actually, it gates access and advances bias. The speed and frictionlessness of these technologies even increase the divide between winners and losers in this game.

Only breaking up this monoculture and replacing it by sustainable ecosystems with a high degree of diversity may change this misguided dynamics of digital economy.

see article by Douglas Rushkoff: https://medium.com/team-human/the-digital-economy-is-capitalism-at-its-worst-230b2eeb38d4