the establishment

George Osborne's speech http://www.conservatives.com/tile.do?def=news.story.page&obj_id=133558&speeches=1 is an insightful response by the Establishment to the threat posed to them by the ‘bottom up world’ of which the internet is a key component. It is certainly welcome that he acknowledges the power and potential of this tool, but it doesn’t seem to address the key issue at the heart of WT2 which is about how control also needs to be ‘bottom up’ and independent from the Establishment.