Foreign propaganda in democracies is as old as democracies themselves. It is by no means anything new; foreign influence campaigns spent enormous sums and labor trying to sway democracies from the very beginning - often very successfully. I don’t see why it’s any different for it to be published on Facebook instead of laundered through print media and rumor mills. At the end of the day you either recognize these problems and appreciate that trusting your electorate/having a liberal democracy is the best option we have compared with the alternatives…or you don’t.
Many of those democracies are trending illiberal thanks to the useless yet arrogant liberal decrying of “there’s simply nothing else we can do” and championing a rotting status quo.
Several western countries could kill their more extreme parties overnight simply by enacting a few reforms with immigration and/or affordability.
That is the view of paternalistic authoritarian states whose primary concern is public harmony, not liberalism.
You’re right back to what authoritarian states say and do, and diametrically opposed to what underpins liberal democracy: the idea that the demos decides what is true and good. That idea has lots of very obvious problems but we decided it was preferable to the other systems, one of which you are now advocating for. In a liberal democracy we all are responsible for persuading the people that lies are lies, not censoring them.
If you believe that the Algorithm is just too powerful and you can’t compete in the marketplace of ideas against people lying - well, you don’t believe in liberal democracy. You believe in an ideologically authoritarian state that tells you what’s true or not, and where people are not allowed to make free, (un)informed decisions.