More like a consequence of capitalism, as big tech companies used their massive capital to instrumentalize and develop knowledge to keep mostly everyone dependent and addicted to their systems. Due to the way capitalism work, when a push back against it through public policies was staged, they bought their way out of regulation of their toxic platforms and were allowed to retain their monopolies.

Capitalism as unbridled greed is a bad meme. Sweden is a capitalist country. Germany is a capitalist country. In the US, we are moving from a high-trust society to a low-trust society, which is why the effects of capitalism are moving from a rising tide lifting all boats to a zero-sum game where my success means your suffering.