Is social media disrupting virtually all institutions including business, government, education and the media? EBE07 Question

Shel Israel was asked this question by an attendee of EB07, Evento Blog Espana 2007, keynote speech. But he could not answer because of language barrier. But Shel was explained about the question later and he answered it in his blog. I could not agree more.
If you were wondering why big business' are barking up your tree, reading his post;
My unanswered question at EBE07 might give a short but truthful answer.
Shel is the co-Author of Naked Conversations, one of my reference books on Social Networking.

Tags: EB07, social media, Evento Blog Espana 2007, Social networking