You underestimate the importance of smalltalk. Gossip is the cornerstone of a moral society, moreso than laws. Gossip forms reputations, and reputations determine who we trust. News is just gossip in the large. Solve the reputation problem, and you solve the gossip problem.
> Solve the reputation problem, and you solve the gossip problem.
I agree - this is the key! I've been really thinking hard about the whole reputation problem. In a way, Google found a way to solve reputation problem on the Internet for website, and therefore their tremendous success.
Would equivalent method work on people - just give reputation points by Citation (or Followers, as Klout is trying to do)?
I don't think that's enough - plus my feeling is that there are bunch of dimensions to a Reputation.
And on top of all that - we haven't even solved Identity issue on the Net yet.