Last year I wrote that there are benefits to operating a business that is subject to state law. As Schelling says, the right to be sued is the power to make a promise. Increasingly, however, there seems to be interest in running profit-making internet ventures that are immune to state control. There may be a [...]
Tags: anarchy, arbitration, Bitcoin, courts, dispute resolution, Internet, law and economics, Schelling, Silk Road, statelessness
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In the comments on my last post, Indy writes, Implicit in your analysis is the idea that the welfare explosion for infovores will continue. But what if the phenomenon of the utility explosion of infovores is reaching maturity and coming to an end? To which I perhaps too hastily replied, I think that we have [...]
Tags: Indy, infovore utility explosion, Internet, Ridley, The Rational Optimist
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On the technology sites I frequent, TechCrunch and Hacker News, there has been an uproar over Google’s joint proposal with Verizon, in which traditional Internet service providers would be subject to net neutrality regulation and wireless providers would not. I think the outrage over Google’s alleged betrayal of Internet users is ill founded. Most of [...]
Tags: economics, Google, industrial organization, Internet, net neutrality, Rothbard, Varian, Verizon
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The release of the Afghan War Diary by Wikileaks has drawn a lot of praise and ire. Bizarre examples of the latter include Washington Post columnist Marc Thiessen’s apparent call to classify Wikileaks as a terrorist organization and Rep. Mike Rogers’s demand for the alleged leaker, Bradley Manning, to be executed. I don’t care too [...]
Tags: Afghan War Diary, Gambetta, Internet, law enforcement, Manning, PayPal, Rogers, Rosen, Schelling, statelessness, Thiessen, Wikileaks
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