To keep people engaged, social media platforms have shifted from showing you content from people you know to prioritizing viral content. The algorithms know viral content offers an endless stream of entertainment that keeps people scrolling longer.
It's one thing to enforce contracts but another for government to dictate how private platforms monetize their own property. If ads make the service worse, the answer is competition and exit, not government bans. No one is forcing you to use these platforms.
Of course wealth is power. If you have 10 million dollars and I don't, you have more power than me. You can do many things I can't. But perhaps you did cancer research for 20 years and found a cure for cancer while I spent my money on vacations and partying. This incentive acted as it should. The world now has a cure for cancer. We can't now say that you should have the same wealth/power as me because power/wealth is bad.
> As a society, we should prevent "escape capital" to be a thing.
Why, though? You always hear people say that one person having too much wealth is a problem but rarely hear a good reason. Just because one person is richer, does not mean another is poorer. Wealth is not a limited pie where everyone only gets one piece of it. Wealth is created. If one person's ideas and actions brings up the standard of living for everyone else, I'm fine with that person having more wealth.