I'm not seeing exactly where you disagree there. There's more bad information now, and a higher ratio of bad to good, but I'm saying despite that, there's still more good than there used to be, and probably a higher rate of good being added.
For example, with small numbers for the argument's sake, say in 2000 there were 5 good webpages and 4 bad webpages added to the internet every day. Now there are 10 good webpages and 50 bad webpages added every day. That would mean we're getting more good information per day than before, but the signal to noise ratio has gotten worse, as you said.