The document discusses the changing role of libraries and information in the digital age. It notes that pre-web, information was produced by large publishers, discovered through metadata created by librarians, and was expensive. Now, information can be produced and described by anyone, found through full-text search and links, and is cheap and distributed. However, libraries are still needed for long-term preservation of content, universal access, and being free from commercial pressures. The role of libraries is evolving as technology enables new forms of collaboration and participation where users can contribute information.