I doubt that you can remove all social inequality, and it seems throughout history there have always been people who have exerted their wills more in order to accomplish their ends in society. The deep issue that we face is that there is no ingrained morality. Imagine if wealth and power were viewed as a weighty responsibility rather than a privilege--as the holder is responsible for using it to accomplish what they will, the choice of what one does reflects the quality and worth of the person. That's the reality in any case, but imagine if that were universally ingrained as how we, as a society, defined success....
Fake News used to be called Yellow Journalism. https://en.wikipedia.org/wiki/Yellow_journalism
Fake news is the specific phenomenon observed recently of websites, operated primarily by Romanian citizens, which made up events entirely to drive ad click revenue.
The sites were made to look like they were for legitimate news papers, but there were no actual newspapers with those names in existence.
Soon after the term was coined it was co-opted by president trump to mean all media, leading to the blurring of its meaning.
Fake news is neither journalism nor politically motivated. It’s pure avarice sans morality.
Yellow journalism was still about news and journalism. The root of fake news is hard to even put into words.
It’s people who didn’t care about news, they just a/b tested text and saw what got the most shares and likes.
Then they conned people into believing it was a legitimate source by putting it under a news site like banner.
A number of futurists from many decades ago foretold this transition of power from brute physical force to subtle information warfare:
"World War III is a guerrilla information war with no division between military and civilian participation. (p.66)"
-Culture is Our Business, Marshall McLuhan (1970)
"World War I a railway war of centralization and encirclement. World War II a radio war of decentralization concluded by the Bomb. World War III a TV guerrilla war with no divisions between civil and military fronts."
-Take Today: The Executive as Dropout, Marshall McLuhan (1972)
See also:
https://en.wikipedia.org/wiki/The_Third_Wave_(Toffler_book)#...
While I think propaganda is a serious problem, all you need to do is look at the raging debate and issues being raised to see the difference between an open society and a dictatorship. Nobody said democracies and open societies don't have serious problems.