Both true, but for totally different reasons, right.

Early Internet was kinda bonkers because it was disconnected and unregulated and anonymous and nobody yet understood UX design so every site was different, yet always cluttered and overwhelming.

Modern Internet is bonkers because UX patterns and user behaviour is so understood and homogenised that every site is basically the same simplified interface, along with the same dark patterns that manipulate user behaviour to maximise corporate profit, rather than trying to give users what they actually want.

The old type of bonkers was far more preferable.