This talk by media theorist Douglas Rushkoff summerizes pretty well where democracy in the age of the net is, could and should be heading. Imho Mr Rushkoff is one of the sharpest thinkers on media theory alive today. He wrote half a dozen books on media and the internet like Mediavirus and Coercion. The latter I read two years ago and its a killer. No better book to dissect the mechanics of cosumer culture and advertising and its coercive nature. There is a pretty good interview on Edge, though a couple of years old. Also he did a couple of docs for NPR: “The merchants of cool” and “The Persuaders”, visit your friendly torrent dealer or maybe Google video.
I think he aptly describes the main cultural problem of our age regarding governance in this talk. Check it out: