Markets don't work for everything. Truth is one place where they fail.
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When the truth is boring, lies can be exciting. When the truth contradicts your beliefs, lies can confirm them.
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But while spreading more lies by introducing more market forces into journalism, the internet has also made it easier to find the truth.
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The result will be increasing knowledge inequality. The deluded and the well-informed will both become more so.
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The search for truth is time-consuming. The leisure it demands is increasingly a luxury good. And this is by no means entirely accidental.
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Lies have more cognitive ease to be accepted, appeals to the unsuspecting mind and we buy lies like any good consumer
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Is Twitter the biggest/deepest "most liquid" market for truth and lies?
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Don't overlook one of the biggest reasons for lying: to secure political power. Doing so can fill up your bank account. Literally.
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To a significant degree, politicians are incentivized to lie.
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Where's your data to back up this assertion that there's a bigger market for lies?
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#Hi#ImMrMeseeks#LookAtMe The MSM is pushing unjustified Conspiracy and McCarthyism. In that regard, internet has become necessity.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg are you CNN's marketing director? I think this is actually in the CNN employee handbook under "How to sell a story".Thanks. Twitter will use this to make your timeline better. UndoUndo
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Same could be said about public politics. Lies attract more voters than truth. Case in point: every single elections.
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Do you mean lies work when you introduce them with charm on market, in order to create a new market?
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If I replace 'lies' with 'not-truth', will your pronouncements change?
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Paul how can we then Leapfrog Africa development with minimal government Transforming Urban Africa: UIDC 2017: http://mailchi.mp/30a975c316dc/niea134dt7-715997 …
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One might argue that the scientific industry is one big market for truth.
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