James Surowiecki's 2004 book "The Wisdom of Crowds" could not have predicted this revolution any better. Web 2.0 has exploded to include 7 of the top 10 most visited Web sites. The collaboration and communication between people all over the world is such a powerful tool. Barriers to entry have fallen down. With simply an Internet connection and a computer, anyone anywhere can add, comment, and broadcast their thoughts and ideas. The best of anything will rise to the top. The best videos, books, sellers, news stories, anything will be chosen by the users. Users are the new editors and the wisdom of crowds dictates that it will be the most interesting, compelling, useful ....
Recently the collaborative and connectedness of the Web has spawned another use: that of mass organization. Meetup.com and upcoming.org have allowed users to self-organize themselves into extremely niche special interest groups. The social aspect of the web has also moved into once thought of old economy industries like finance.
With social networks like stockpickr and bullpoo, the best portfolio managers might not be located in New York City, Chicago, San Francisco or Los Angeles but perhaps in a remote village in India or in North Dakota. With the Internet, ideas matter but not geography (but that's another topic). The point that I was making was that self organization is slowly making its way into once locked down industries such as finance. The best example is Eric Jackson's blog in which he is trying to organize a group of Yahoo! shareholders that are unhappy with the performance of the company's shares - an idea he labels as Plan B. 
To date, he has had the committment of $58M of Yahoo! Shares - the total market cap of Yahoo! is $41.5B. He's still got a long way to go but I think that this is definitely the beginning of a true revolution where ideas rule!
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