As a complete outsider to both US and EU spheres, from what I'm seeing from the media, I wholeheartedly agree with you. I wouldn't blame technology solely, however. Rather, it's the cognitive dissonance within the population that got accelerated BY technological advancements. People are no longer unified as they were in the past in those societies. Scattershot ideologies, fragmented communities frictioning against one another. Eventually, values die within people.
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Totally in line with your analysis. Loss of values is a major problem of contemporary societies