If you really think that white/black list, along with content filtering and real firewalls don't have a LOT to do with security, then you don't really understand security. Security starts at the border and then internal.
Cutting the cable is not security, that is only suggested by asinine people that try and make a point about something they don't understand.
You need to get over this idea that businesses need to provide full and unrestricted access to employees at work.
Just read an article where managers were spending an average of 56 minutes per day doing non-business related things on the Internet when they were using a unrestricted Internet connection - guess who pays for that 56 average minutes?
I've still not seen anyone post a valid reason to give unrestricted access to ALL employees in any business.