It is getting easier and easier to fake stuff and there are becoming less and less fully trusted institutions. So sadly I think you are right. Its scary but we are likely heading towards a future where you need to pay to get verified information and that itself will likely be segmented to different subscriptions for what information you want.
Well the thing is that technically information is free, but creating it is definitely not.
So, if Ads are not paying for it, and people won't pay for it either, who does?
Fake news exists because of the perverses incentives of the system; where getting as many clicks as possible is what matters. This is very much a result of social networks and view-based remuneration.
I don't think it's that bad if people need to pay for real information...
It seems a challenging situation.. if you pay fact checkers you get accused of censorship by “weaponised free speech” and if you leave it to the community you get inconsistent results.
The first one sounds like it's an argument made by someone who never wanted the facts to begin with. Correcting misinformation is not stifling free speech.
I'm all for more proper fact checkers, backed by reputable sources.
Non fake news is going to be restricted to pay services like Bloomberg terminals.