I don't understand the rational behind throwing away one of the most useful, most brilliant, and most valuable resource humans have created just because it has a few major problems. There's a strong argument in favor of fixing the problems, sure, but the world without the modern web would be significantly worse, not least because 90% of HN users wouldn't have jobs.
The modern web (eg Web 2.0) is an open software distribution platform that forms the basis of hundreds of thousands of company's products. Social media is a part of that, and it needs fixing, but a return to Web 1.0 is not the solution.