Ok so this is social-psychology in an economic framework. That is what it is, and I think we should view such articles as rhetoric rather than science.
That said... there are some good, pertinent ideas here.
From author on twitter:
Second, an influential idea in social science is that the main thing that is wrong with political media is misinformation or fake news. This idea is wrong. The share of misinformation in most people's information diet is minimal.(11/16)
Misinformation, and I think this is intuitive to observers of the current misinformation/censorship dynamic is not really about misinformation or any kind of information. It's much more about rhetoric, argumantal frames or "rationalisations," where the author places emphasis.
Information (true or false) itself is like an crappy commodity market. It's ubiquitous, evergreen , relatively vendor neutral, and too cheap to produce for profit.
Rhetoric otoh, has a fine market. It has a literal economic market and a social/informal market.
The information FWIW is often true. The FWIW is often low worth, and the inferences drawn worthless. Two outlier scientists self publish a radical theory does not make the sentence "scientists prove x" high value.
That said... there are some good, pertinent ideas here.
From author on twitter:
Second, an influential idea in social science is that the main thing that is wrong with political media is misinformation or fake news. This idea is wrong. The share of misinformation in most people's information diet is minimal.(11/16)
Misinformation, and I think this is intuitive to observers of the current misinformation/censorship dynamic is not really about misinformation or any kind of information. It's much more about rhetoric, argumantal frames or "rationalisations," where the author places emphasis.
Information (true or false) itself is like an crappy commodity market. It's ubiquitous, evergreen , relatively vendor neutral, and too cheap to produce for profit.
Rhetoric otoh, has a fine market. It has a literal economic market and a social/informal market.