Another view of Web 2.0

So as I was reading stuff about Web 2.0 I came across an article on Slate.com called The Wisdom of the Chaperones: Digg, Wikipedia, and the myth of Web 2.0 democracy. I thought it was interesting, sort of a different take. In the interests of space conservation, I'll only post part of a paragraph.

Social-media sites like Wikipedia and Digg are celebrated as shining examples of Web democracy, places built by millions of Web users who all act as writers, editors, and voters. In reality, a small number of people are running the show.

So Web 2.0, democratic herald of the future, or oligarchic reflection of the present? Hmmmm.