Talking about articles and in this case more current than the one from the Economist.
I found this article at the ABC News site writen by Andrew Keen, a Silicon Valley entrepreneur and author. He just published a book called “The Cult of the Amateur: How Today’s Internet is Killing Our Culture,”. The book outlines the dangers of citizen media (Social media), Web 2.0.
Andrew Keen offers his opinions on the Internet, American culture and the way he see it the world.
Read it over and tell me what you think, my opinion will follow shortly, want to try to get the book first. But my first impression is it might be a little to pessimistic.