According to this Bas Heyne, post-modernism is characterized by the shift from the actor to the observer. This is also my impression of most academics these days. Many prefer to observe, and to deconstruct, working with somewhat older material, not with the latest cultural constructs. Panic is never suitable in a crisis because it only encourages delay. Again such a naive copy-paste of Bill Gates' 'friction free capitalism'.
Panic is a very deep, psycho-physical response to immediate danger.
Suitable or not, it's there. The question is only how society repsonses to it. Yes, I think we can do away with the genius, this 19th century figure. Internet is also based on a star system, closely related to the print industry, and the infotainment business. But I also imagine such an utopian situation, where we wake up from the nightmare called mass media.