It creates efficiency to the widespread dissemination of information that is almost frictionless. But not every single bit of it is perfect - information can be disinformation as well. Censorship is not practical in the distributed electronic world. Checking and confirming individual facts within a document is difficult. Plagiarised articles with edited information can be difficult to verify.
Propaganda abounds without verifiable sources.
Used to be the days where we believe everything in print. As printing in those days is financially expensive, it performs a kind of censorship by restricting the means of production. Today that kind of censorship is not relevant anymore. However there is a need to bring back the confidence we used to have in print - but not by control and censorship. This article proposes a method via collaborative peer review that is as possible with the Net.