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Here's a comment from an article by Steven Johnson at wired.com on the blogging phenomena:

Ever since the Web entered the popular consciousness, observers have noted that it puts information at your fingertips but tends to keep wisdom out of reach. In a space organized around connected minds, however, the search for wisdom becomes more promising.

I found this link from another blogger at elearningpost, which I think proves the point of what Johnson is saying in his article about the potential of blogging to build shared knowledge and even wisdom.

Another article by Stever Robbins at the Harvard Business School website is based on the premise that success in present day organisations depends on learning. In order to change we need to learn and this requires reflection and time, not something that is built into the structure of a global and web based economy, in which:

the expectation that responding immediately is far more important than responding thoughtfully