Fake news is what got us dictatorships like Nazi Germany. Spreading lies about socialists and jews was how they gained votes.

In fact the nazis did just like the fox and the trump crowd today and labeled all mainstream news fake.

I don’t think you can dismiss the danger of such news environment. It plunged Germany into dictatorship. A too liberal democracy is vulnurable to totalitarians. We saw this in Egypt when anti-democratic muslim brotherhood gained power through elections.