Whilst the internet might have originally been individuals setting up their own webpages and sharing stuff, those days died once big business stepped in.
Fast forward 20+ years, and most of the software and websites are designed not for sharing, but to hoard personal data through the conduct of business.
So basically, we have this huge home shopping platform where the sellers just make what the buyers want and the buyers just buy what the sellers sell.
That sounds extremely rational. However, because people could buy most of what they needed locally already, most of what they bought online was superflous.
That is where social media comes in. It is the perfect tool to advertise to a buyer, if you are a seller, and the perfect tool to find a seller if you are a buyer.
See, the chatter used to be about drones, 3D printing, AI, space travel, and all the rest of the tech that was going to change the way that we lived.
However, thanks to the pandemic, we found out that market for tech was pretty much saturated and a lot of people were happy with their old way of living.
So, the demand for commodities went up and now all the chatter is about 'cost of living'. In other words, what we need now is to boost supply of commodities.
Therefore, the FED puts up the interest rate. The high USD boosts the profits of foreign commodities producers and increases supply, even though prices are low.
