People like everything but fair and detailed reporting. News reflects this. Same with culture. People like buying vast amounts of worthless things. It doesn't matter what field it's in. Geeks collect as much as rifle hunters, they just collect different things. That's led to an industry that specializes in creating excess.
I say it's a passing phase because where tech is headed is: auto-generated completely personal everything. The limit of "the few" is "the one", and the mass production dynamic breaks down at that limit.
The problem with that concept is that it assumes we know exactly what it is that we like, and that it's easy to communicate that. Neither assumption is correct. As we learn, we constantly adjust what we like, at a fairly extreme rate, and it tends to be impossible to express in any way other than the extremely specific.
From this springs every horror and alienation in the 20th century pop culture.
Upside: it's a passing technological phase, and we're nearly all the way through.