That's not wrong, but it's a selective take. The entire economy operates like an addiction machine, using proven psychological techniques to modify individual and collective behaviours and beliefs.
It's not just social media. It's gaming, ad tech, marketing, PR, religion, entertainment, the physical design of malls and stores... And many many more.
The difference with social media is that the sharp end is automated and personalised, instead of being analysed by spreadsheet and stats package and broken out by demographics.
But it's just the most obvious poison in a toxic ecosystem.
Though capitalism is to blame for plenty of problems, I don't agree with this take, and I see it repeated quite often.
Economies, capitalist or otherwise, are very much defined by needs and wants. (With this, I presume, you agree already.)
But addiction is another topic altogether from everyday needs and wants like oil, aspirin, or cinema tickets.
"The entire economy" here being a pseudonym for marketing and advertising?
There's a big difference in terms of frequency and availability.
Physical design of stores gets you when you're shopping, then it's done. Organized religion tends to get its hooks into you once or twice a week. Marketing, PR, ads, all sporadic. Social media is available essentially 24/7 and is something you can jump into with just a few seconds of spare time.
If more traditional addiction machines are a lottery you can play a few times a week, social media is a slot machine that you carry with you everywhere you go.
Yup. It's capitalism that's the core problem. Social media is just a particularly nasty outgrowth.
Every country in the world already does tons of intervention combatting addiction. There are already bans and restrictions on gambling, drugs, alcohol, cigarettes etc… Wether we consider social media addiction to be harmful and how to do it is a good question to be asked, but intervention into harmful addiction is generally uncontroversial.