This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Internet Is Abundance No Law Can Change

But there is a price to be paid. Try to firewall your Internet and people will either use proxies against the blocks or not go online. Try to tax links and files can't be found. The Internet is a goose, it lays golden eggs, and mistreating it just gets you fewer eggs.

The ultimate expression of this stupidity can be seen in Tajikistan, where the country's communications minister recently turned off access to Facebook, accusing it of "filth and slander," and then demanded that CEO Mark Zuckerberg appear at his office before he would consider turning it back on, as Global Voices reported . He will be waiting a long time.

This is the kind of thing Wired says governments want to make commonplace. Dictators want to know who is reading forbidden words, or thinking forbidden thoughts. Governments think taxing Internet data, or Internet use, will balance their budgets without pain.

The Internet Engineering Task Force, which runs the Internet from a U.S. base, has crafted a non-regulation proposal called "OpenStand" in concert with the World Wide Web Consortium and others. U.S. companies like Cisco (CSCO - Get Report) and Juniper Networks (JNPR - Get Report) make most of the equipment and the U.S. government does indeed tap the lines in its fight against terror and the absolute power of American copyrights.

But here's why I'm not worried. The Internet is a proven path to global abundance. The more you try to control it, the less abundance it will deliver. This is why even China's vaunted "Great Firewall" is in fact so porous.

Growth and a free Internet are the same cause. The more governments squeeze abundance, the more they squeeze their own economies, and the more their people will squeeze back.

Control cannot stand against the demands of abundance.

At the time of publication, the author was long GOOG.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CSCO $29.31 0.00%
GOOG $532.11 0.00%
JNPR $27.80 0.00%
T $34.54 0.00%
VZ $49.44 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs