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Cycles sounds likely. We are definitely in a post-truth moment. But we may have reached a nadir and are now recovering a desire for truth.
I have read some social commentary about how the early 20th century was like a high point for "truth", and there were many dreams of scientific utopianism... and probably communism itself sprang from that kind of thinking. But the devastation of the two world wars turned society in the other direction. We saw the dangers of such absolutism and turned against it. But now we've become too relativistic.
The lack of major scientific advancements is probably taking some of the luster off.
Most of the field-defining advancements came in or before the early 20th century: genetics, relativity, tectonics, quantum mechanics, marginal utility theory, natural selection, chemistry.
Since then, we've mostly been tinkering around the edges.
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