That's a false equivalence which is at the heart of the issue. You seem to be be assuming that "being informed" makes you better placed and/or more willing to take right action, but I'm not convinced that's the case
I still fundamentally believe that an info overload (as long as you are scrutinizing your news healthily) is better than being in complete ignorance.
You say you fundamentally believe in one over the other, but you haven't made the case for info overload, and have even made some points against it (hypnosis, futility, etc).