The document discusses the future importance of bibliographic data and sharing and control in Web 2.0. It argues that bibliographic data created by libraries is valuable and should be shared openly to allow users to enhance and reuse the data. The document proposes using open web standards like COinS and microformats to share bibliographic metadata and link authority files to resources on the web. It advocates for open licensing of bibliographic data and authority files to allow their reuse on the web.