At this point i have zero faith in any state defining the word "journalism" in any meaningful way that would make me believe it more than i do right now.

I think we have put way too much trust in journalism to begin with. No offense to well meaning journalists but this stuff needs to be verifiable ideally but i'd settle for peer review to make a slight improvement over what we have now. Reporting something without sources or review by others forces me to put all the trust in mostly single eye-witness testimony.

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Would you not want to be able to sue liars and make some money off of it?

But the liars would be decided by the rules of the state. In this case i reckon it would enable propaganda more than ever.

No, due diligence would be decided by the rules of the state; which would be simply the definition of the type of warranty you as a reader would have on the product/text, the moment a journalist would self declare to provide such a warranty.