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The insane part is, nowdays, it's actually far quicker to find out if something is factual or not than it used to be. Back 15 years ago, if a friend told me some political half-truths stepped to deceive, I may not ever really figure out what the real story was- the internet was not used for reporting things that quickly or in depth. But now, anyone with good reasoning skills and sift through BS insanely fast thanks to Google, Bing, etc. Sure, you dig up a lot of stuff reporting the same falsities... but again... with some good reasoning skills and a honed BS meter, it comes pretty easy to spot the crap.
And actually maybe that is the real underlying problem. Because of the added complexities in this new landscape, people are losing their intuitive reasoning skills.
Edit: also, the internet, back in 1995, didn't make any money off of ads. There weren't tons of ads then. It made money off of selling products, space, subscriptions, and data access. Those things cost money and that is where it went. Nowadays all those things are free or nearly free, and the money comes from the ads. And this fundamental difference has jaded what content on the internet really means.
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