[alphakappa]

It is easy to create content now, so yes, there is a proliferation of low-quality content.

That in no way implies that high quality content has been pushed out. There's still great literature, music, and yes even online content that is as great as or greater than anything created 200 years ago. Let the noise not mislead you into thinking that there is no signal behind it.

Those who seek good content will still find it. Keep in mind that all these improvements in the medium have made content accessible to a much larger section of society than was possible a few hundred years ago, so society as a whole is better read, better educated, and more aware than this good old world of yore.