Smart people want to dominate the stupids.
For some group of smart people, there will be a group of smarter people who want to dominate the The people they designate "the stupids".
The internet was a technological solution to a social problem. It introduced other social problems, although arguably these to your point are old social problems in a new arena.
But there may be yet another technological solution to the old social problems of monopolism, despotic centralized control, and fraud.
.... I did say "may".
Everybody wants to dominate others using their strongest ability: smart, rich, strong, popular, fast, etc.