SELF-AWARENESS DEFICIENCY ALERT: Wikipedia co-founder Jimmy Wales is launching a social-media website called WT: Social. The platform aims to compete with Facebook and Twitter, except instead of funding it using advertising, Wales is taking a page from the Wikipedia playbook and financing it through user donations.

Says Wales:

“The business model of social media companies, of pure advertising, is problematic,” Wales told Financial Times. “It turns out the huge winner is low-quality content.”

If there is any human being in the known universe who truly understands “low-quality content”, it is Jimmy Wales. Wikipedia might be the go-to site for cretins like Soledad O’Brien and Alexandria Occasional Cortex  but for the rest of the literate world…