Opinion ruined journalism and Facebook killed truth—but there’s a way to make it right.
The marketplace of ideas is a better metaphor than it’s intended to be, notes Eli Pariser. As any good economist will tell you, the best product doesn’t always rise to the top.
The institutional gatekeepers and experts who once kept checks and balances on the marketplace of ideas have been replaced by social media algorithms that reward emotion and outrage over expertise and truth.
How can media institutions like Facebook make this right? By reevaluating the business model that serves advertisers instead of readers, and by clearly stating their values—even if that means losing some of those 2 billion users.
The Charles Koch Foundation is committed to understanding what drives intolerance and the best ways to cure it. The foundation supports interdisciplinary research to overcome intolerance, new models for peaceful interactions, and experiments that can heal fractured communities. For more information, visit charleskochfoundation.org/courageous-collaborations.
Read more at BigThink.com: https://bigthink.com/Charles-Koch-Foundation/how-media-journalism-marketplace-of-ideas-went-rogue