Code of ethics in the Blogosphere and the lack of it mean what?

This question has always bothered me. Since the blogosphere isn’t owned by anyone means that everyone is governed by their own rules/ethics in it. But how do you explain that to human beings who are tutored since birth to manage their instincts within certain set frameworks that define do’s and don’ts, right and wrong that act as ground rules for us all to live in a civil society. If we consider those frameworks the evolution of man from his neanderthal times, then going by lack of rules in the blogosphere, I assume its participants (including myself) are back to being neanderthal’s.

The other way to look at it - the blogosphere is the latest evolution of the human ‘democratic system’ and happens to be the fastest growing democracy on earth. From this perspective, it would then be right to assume that the blogosphere reflects the evolution of man to the next level where he/she have all the freedom they want and yet define their own rules to be civil and co-exist in harmony?

I guess it’s pretty clear why it bothers me and I’m not sure if there is a correct answer. The “lack of clarity” is what makes this new world so much more exciting. Mankind has always yearned for answers and it hasn’t been at peace till it has found them. The blogosphere seems to be tickling that “need to have an answer” nerve largely because it seems to be leveling out any and all equations of wealth, power, culture, age and faith among others that exist between humans in the real world.

Supporters of this world think of themselves as evolved humans with the ability to self manage and moderate themselves while the detractors say it’s a system of anarchy and is for everyone who wants to escape the real world. Truth be told – the answer lies somewhere in between and depends from individual to individual.

This is what I think. Your thoughts?