Far too many people think social media broke something. I think it fixed something. It fixed our understanding of what is really going on. It fixed democracy, which relies on people understanding what is really going on. The people losing power over this transition will bitch and moan and make up explanations about what went wrong when in fact nothing went wrong.
I think social media get too much blame, but are those benefits you mentioned due to social media, or due to the Internet?
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Ok, yeah it's probably more accurate to say it's the Internet that democratized information.
Both are needed for free and open discourse.