How the Centralized Media Lost Its Power over the People
Whatever one thinks the future might or should be like, hierarchical media structures no longer provide social coherence. Knowledge and information no longer travel in bidirectional flows up and down chains of authority and expertise. The media have been lateralized.
Source: How the Centralized Media Lost Its Power over the People - Foundation for Economic Education
An interesting analysis of media and how its centralized nature has become unravelled over recent years. I think that while social media has played a role in this, I think they are also the next victim. Social media itself is very centralized but that too will unravel as more distributed platforms like Steem and its clones, Diaspora and/or others like them ultimately replace the centralized giants like Facebook, Twitter and Youtube.
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I believe that social media will be completely decentralized.
With everyone having a wall server of their own.
Exchanging only what they want with whom they want and no one else.
The next itteration of the interconnects is going to make this peer-peer way of doing things a no brainer.
The Enemy of the People