I think it's the opposite of individualism. Individualism accepts some responsibility for risk, but we seem to be in a system where no risk is tolerable, and the government has to fix everything. It gives rise to learned helplessness.
I don't see social media as a technology for individualists either, because it's all about approval and homogenization. Individualism is actually antisocial at it's core, because it's about being yourself regardless of what anybody else thinks. It only seems like we have an individualist system because everything is on blast 24/7, but that's really just the shuffle of collectivists patting each other on the back in the public eye so that others can align their virtues with the current zeitgeist.
We don't have public places anymore where people can just be people away from the gaze of social media. Individualism requires learning who you really are, which means making mistakes, and that's difficult when a video on social media could make you a pariah outside of the confines of your local community.