Folk Culture v. Pop Culture (and the Role of Consumer Capitalism)

What Mr. Holdsworth points out here is that the individual taste profiling of consumer capitalism has, in effect, metabolized pre-existing folk traditions and perverting them for its own ends.  This has ended up contributing to an "anti-culture" that is not held in common [Commonality here with Deneen's thesis in "Why Liberalism Failed"]. 

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Data vs. Knowledge vs. Wisdom

According to a contemporary accounting information systems textbook, straightforwardly titled Accounting Information Systems, a glaring statistic haunts us: "With an incredible 2.5 quintillion bytes of data being created every day, 90 percent of the world's data has been created in the last two years alone."*

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