Is WikiPedia the New Encyclopedia?

During my flight from Columbus to New York, in the Delta Sky magazine, I read an interesting article on the discussion about whether Wikipedia is the new Encyclopedia

Below is Andrew Keen's point of view:
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I wouldn’t call Wikipedia an encyclopedia. And that’s not a criticism. “Encyclopedia” is something where you have centralized editors who make calls on whether something is more important than something else. So they’ll decide that, you know, Henry VIII deserves a larger entry than Henry III or Henry II or Henry the Nothing. Wikipedia is, in my view—and again, this isn’t necessarily a criticism—Wikipedia is an editorless information resource in which anyone is free to enter what they consider to be important information, and other people are free to edit that information.
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