Has this ability diminished in the age of the Internet? The 'banalization' of society as characterized by Llosa is more likely a perception based on speed, frequency and quantity in which information is transmitted.
The knowledge (from masters within their craft) that shapes technology, society, and culture still exists. Perhaps their collective 'voices' are harder to hear over the "noise" of information provide by the Internet.
Jesse Livermoore said it best,
A man must believe in himself and his judgment if he expect to make a living at this game. That is why I don't believe in tips. If I by stocks on Smith's tip I must sell those stocks on Smith's tip. I am depending on him. Suppose Smith is away on holiday when the selling time comes around? No, sir, nobody can make big money on what someone else tell him to do.
An individual that seeks information rather than discovery of knowledge will struggle to profitable. Taken in the whole, this lack of profitability will influence the direction of the society and culture.
Nobel literature laureate Mario Vargas Llosa on Monday lashed out against today's fast-paced information society, saying it limits peoples' depth of thinking and is a major problem for culture.
The Peruvian author blamed the entertainment industry for creating what he calls a culture of "banalization, frivolization and superficiality."
Source: finance.yahoo.com
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