I think the only way to get back on track is if somebody comes up with a way to make publishing content on the net both trivial and robust. It needs to be a feature of your browser, not something you have to fiddle around with, with other tools.
IPFS kind of promises that and at least in theory would be a great tool to rebuild the Web, but the performance is downright miserable right now and doesn't seem to be improving either. So maybe that's a dead end.
Publishing aside, web browsers also need to get much better at discovering and keeping track of content. Bookmarks haven't improved in 30 years or even gotten worse, thus making it impossible to look for new content on small sites that don't update frequently. Having RSS support removed from all browsers was another big loss.