I don't think so at all: the IA has little to do with what is normally termed "high culture", and much more to do with "low culture" (lots and lots of internet trivia that would mostly be of interest to archeologists).
The IA is the only way to see a lot of what was written and widely read starting in the 1990s onwards.
Libraries used to keep archives of old newspapers and publications on microfilm, and anyone who needed to research something could go and look through those archives. The IA holds a similar function today - but it's the only one with its breadth and age. If we lose the IA, we lose a lot of important historical information.
> Libraries used to keep archives of old newspapers and publications on microfilm, and anyone who needed to research something could go and look through those archives. The IA holds a similar function today - but it's the only one with its breadth and age.
Newspapers very frequently maintain and provide public access to their own online archives now. That's also not a function the IA is even especially good at--its coverage is spotty, and unless you have an old URL, it's very hard to find stuff in the IA.
The one unique thing the IA does is have is a broad and deep collection of internet ephemera.
> The one unique thing the IA does is have is a broad and deep collection of internet ephemera.
That's what I was referring to. Blogs especially are an important source of historical information from this period that will not exist in newspaper archives -- and many of those have appeared and disappeared in the last 20 years. IA is the only record we have of much of that.
Libraries used to keep archives of old newspapers and publications on microfilm, and anyone who needed to research something could go and look through those archives. The IA holds a similar function today - but it's the only one with its breadth and age. If we lose the IA, we lose a lot of important historical information.