I don't think many of us find it acceptable judging by the comments here. Programmers aren't the target audience though, the actual target audience probably has no idea how much faster these things can and should run.
There are an enormous number of people such as myself that work in tech and believe the same exact thing.
At the end of the way we dont need to argue about this. The truth should be empirically knowable. If it's as useful as people say, it will show up in the GDP numbers (I wonder what's taking it so long...).
It has absolutely made things more difficult not having distinct spheres of information with well defined boundaries. It's genuinely made things much more difficult to plan about. The global Internet absolutely has made a lot of people upset for a lot of reasons that make intuitive sense.
That's what growing conservative "anti globalist" movements backed by national security elements are really about. Not ultimately immigration or racism or tax cuts (that's how you get the tubes on board), but about how the inability to keep civilians out of information conflicts has made running countries incredibly difficult.
This is one area where China absolutely has the right approach and we need to wake up about what it means in the public rather than complain that we can't scroll silly waste of time videos all the time. The US public is incredibly uneducated about this concept and why it poses a threat, so the discussion needs to be had.
I think we should be far more critical of American internet companies as well and quite a few of them should probably be banned because they are creating the same sort of problem w.r.t how we can practically organize a functioning society. That's the unfortunate thing, is a bunch of libertarians in silicon valley a while back decided to invent a business model that could cause a global war.
Because during the Cold war information was able to be more efficiently split up between different mutually independent spheres. Now it's more of a free for all because of global Internet access. So yes, you could call it a "cold war", but it's really a more generalized version of that concept.