Markets don't work for everything. Truth is one place where they fail.
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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.
The result will be increasing knowledge inequality. The deluded and the well-informed will both become more so.
![∃𝑋[∅∈𝑋∧∀𝑦(𝑦∈𝑋⇒𝑦∪{𝑦}∈𝑋)]](https://pbs.twimg.com/profile_images/976278603989168129/5nzgS7j4_normal.jpg)
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It's not really about lies or truth. It's about information.
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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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Being aware of your own ignorance and desire to belief gets you halfway there and doesn't require much time.
End of conversation
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Solution is 2-way street. Consumers have to realize must actively pay att'n to info being consumed, but media companies also...
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...must make it easier for people to *actually understand* the news. Examples: Last Week Tonight,
@waitbutwhy. - Show replies
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It's no longer about information. It's about belief.
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"The internet tends to make smart people smarter and dumb people dumber" - Ben Casnocha
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you seem to be describing is the business model of buzzfeed and so many other sites who have become dependent on entertainment for earnings.
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But in such an environment is more information so devalued that having more doesn't actually improve your life?
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The skill to distinguish between the truth and the more pervasive, pernicious garbage further entrenches class immobility.
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This is an SV problem too. These are top results for YouTube "moon landing" query. You'd never work w/ anyone who thinks this a conspiracy.pic.twitter.com/E5HnVRIjyV
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