Reality Lost

"Reality (noun): the true situation and the problems that actually exist in life, in contrast to how you would like life to be."
In a world of social media bubbles, fake news, conspiracy theories, polarizing politics, and AI-fabricated content, does anyone still know what the "true situation" actually is? Are the 2020s the decade when Humanity lost its shared sense of reality, and with it any clear vision of the future?