Saturday, June 30, 2007

The New World

Broken, hurt, increasingly ignored and soon
bankrupt, they will eventually fade to black.

Don't expect them to notice.
It would appear that, for the present at least, the question of whether governments ought to intervene in the new [cyber] economy is actually hypothetical. If, as we have seen, they are powerless to secure their social goals through Internet censorship, then any action which they undertake—like that in the case of Yahoo! and the French government—is bound to fail. For the time being, no matter how badly governments want to intervene, and no matter how hard they attempt to do so by traditional means, they are bound to fail. The new economy is a free economy, a spontaneous order of mutually adjusting particles, and these particles will simply adjust themselves to the futile attempts of governments to shape their motion.
Full essay.