Sadly it turns out that the biggest driving force is politics, and the inability for our institutions to win with boring facts, against fast and loose engaging content.
The idea is that in a competitive marketplace of ideas, the better idea wins. The reality is that if you dont compete on accuracy, but compete on engagement, you can earn enough revenue to stay cash flow positive.
I would say as the cost of making content and publishing content went down, the competition for attention went up. The result is that expensive to produce information, cannot compete with cheap to produce content.
The idea is that in a competitive marketplace of ideas, the better idea wins. The reality is that if you dont compete on accuracy, but compete on engagement, you can earn enough revenue to stay cash flow positive.
I would say as the cost of making content and publishing content went down, the competition for attention went up. The result is that expensive to produce information, cannot compete with cheap to produce content.