This is a synonym for the common sense of people in the beginning of the 21th century for human development and self-reflections. And implies that there is none. Therefore they modern individual is unable to solve any problems, cause they, with their stupidity in mind, are the source of all problems.
One of those boring debates for brain-suckers.
W:Hell, how i hate the -isms.
P:The worst of all is the cosmoidiocratism.
W:Awh,don`t tell me.