The Opening Created by Truthiness
"MSM (mainstream media) reports and government announcements leave us with a sense that something is off. We try to assuage our unease with online facts, leaks, and answers. That seeking, combined with the mainstream media’s ineffective communication, opens a portal for opportunistic publicity hounds. Like Hal Turner.
Yesterday, Turner announced that he had obtained leaked “bank stress test reults” (sic) from regulators. He pithily stated that “they are very bad.” "
"Doesn’t it feel gratifying to read the excerpt, despite the fact that it was written by someone who accuses people of being sodomites? Turner, bigoted and irrational as he is, capitalized on the need-for-answers niche. His “leak” affirms the gnawing suspicion that the whole system is about to blow, banks are big fake zombies, and that the MSM is deceiving everyone.
Turner’s answer took fire on the Web, proving how confusing the financial crisis really is. An answer like his satisfies collective suspicions. A waffling government and contradictory MSM reports, on the other hand, lead to more unpleasant confusion.
Turner Knows the Information Market
Turner and his answer highlight a market niche. People want answers. They want confirmation. They want an information source that they can perceive as being real. The MSM lost those honors. Many people see independent media as biased or partisan. The media itself speaks of the collapse of the media."
I had read that link earlier (via ft.com), and knew that it was an important example of a bad phenomenon but BP nailed what was gnawing me about it.
The collapse of the MSM has left a giant hole. Kind of like the hole in the ozone layer, it started small, primarily on the farthest margins of the Right and Left, but now is engulfing our entire society. A thousand slimy things are finding a way to shine in that void and feed on the uncertainty by providing "information" that "sounds" truthful, without actually being true.
BTW, with the collapse of newspapers (actually caused by the collapse of classified ad revenue via ebay, craigslist, online car sales, and online job clearinghouses), it's only going to get worse.