A Quote by Jeff Berwick
The Internet is the last place where there is actually a free market on Earth.
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I'd like to talk about free markets. Information in the computer age is the last genuine free market left on earth except those free markets where indigenous people are still surviving. And that's basically becoming limited.
There is not one grain of anything in the world that is sold in the free market. Not one. The only place you see a free market is in the speeches of politicians.
There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
I think examples of free market transactions between peaceful people using Bitcoin and the Internet, I think it's a wonderful thing. It's going to make the world a better place.
The term ‘free market’ is really a euphemism. What the far right actually means by this term is ‘lawless market.’ In a lawless market, entrepreneurs can get away with privatizing the benefits of the market (profits) while socializing its costs (like pollution).
Basically, the myth is that America has been founded on the free market; the government has done very little; it has thrived under free trade. But actually, if you look at the history, this is actually the country that has succeeded most with protectionist policies.
The Internet is a powerful example of free speech and the free market in action; it is curious that the Net has alarmed the lawmakers of a nation founded on those principles.
President Clinton got it right in 1996 when he established a free-market-based approach to this new thing called the Internet, and the Internet economy we have is a result of his light-touch regulatory vision.
My father always said 'There's no free lunch.' My father was right. There's no free lunch and there's no free market. The market is rigged, the market is always rigged, and the rigging is in favour of the people who run the market. That's what the market is. It's a bent casino. The house always wins.
When there were not very many Internet companies, the supply of Internet companies to the market was small and the appetite for them was large. Therefore, if you were in the business of creating Internet companies in 1996-98, you had a market that provided massive demand for that.
This is the marketplace of political ideas. This is how America operates. It's a free market. It's free-wheeling. From the outside, it looks unpredictable. There's a circus-like free market.
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
Here, in low earth orbit, we're going around the earth, so we can actually use an Internet protocol phone because we have the appropriate satellites that can get those bandwidths.
My wife and I had decided not to let anybody take pictures of our home because it was just the last place on earth we had that was unscathed. But people have climbed over the fence; they've taken aerial shots. They've gotten my address and put it on the Internet.
It's no longer the older paradigm of, 'I want to own this market, and no one else can own this market because I own this market.' The Internet has made the market limitless.
Some claim that the Obama FCC's regulations are necessary to protect Internet openness. History proves this assertion false. We had a free and open Internet prior to 2015, and we will have a free and open Internet once these regulations are repealed.
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