Great. Just great.
Together, the decline of stable platforms of production and social-media-driven feedback loops enfeeble the setting of what social scientists call a “common public agenda.” Societies suffer if people of different opinions can’t at least agree on a basic set of facts and a consensus on the role in daily life of institutions from government to media. That can lead to unexpected and potentially destabilizing behavior in politics and markets.
This new environment—in which the stable platforms are deteriorating while anyone with access to the internet can publish, edit, and republish information—can be defined by a single word: fragmentation.