This is just SO wrong.
http://newsfeed.time.com/2011/07/06/typ ... ?hpt=hp_c2
Part of the reason we are the dominant species on this planet, perhaps the universe, is our ability to pass on complex technical knowlege.
Writing, whether on cave walls, clay tablets, vellum, parchment, or paper, is essential to this.
These media have lasted thousands of years.
How many 5 1/4 inch floppies can you still read? When all information is stored in "The Cloud", how easy will it be for the authority of the day to do a "search and replace" to world data?
Paranoid? You bet. It has been tried before, but is harder to do with paper.