And, as Engelbart predicted, it has created a race. Lets take a look on online content, and we see that - because of vested interests - there's very little in-depth content available (at any price) and plenty of superficial content to foster the dangerous. (What's there has largely not been a concern of SV.)
Television (and FM radio before it, as the creators of both complained) played a similar role (with better control-rods) before the net. Pouring out thoughtless sludge creates the expected result.