As Martin Gurri shows in The Revolt of the Public, the most portentous consequence of the cataclysmic expansion of information and communication technology caused by the inception of the internet has been the rapid dissolution of institutional authority and elite power. An abundance of information, in this case a limitless, infinite influx, greatly diminished the authoritative aura of previously select sources. The elite class went from enjoying what might as well have been a monopoly on a relatively tiny info-sphere (which in turn allowed a false pretense of moral certainty) to finding itself smack dab in the middle of an epistemic free-for-all.
Edit: Gurri has a great new piece in the NY Post about the alliance of elites rigging the game for Biden in 2024.