I don't think so. The analogy that comes to mind is the idea of letting kids play outside. People try to justify today's overprotective culture by bringing up things like cars (they existed back in the 70s too) or candy-wielding abductors (really?) or whatever, but the overall theme is this pervasive idea that we can't handle scary things (be it the outdoors or media megacorps) and therefore we should be artificially shielded from them.
Instead, wouldn't it be better to teach critical thinking in school such that when you're faced with the realities of the world, you have at least some preparation? The idea of imparting civic responsibility principles from a young age seems to work well for example with classroom cleaning duties in Japan.