FREE SPEECH IS VERY EXPENSIVE FOUNDATIONS OF INTERNET FREEDOM
Indian Economy & Market|July 2024
"I had once believed that the digital world was inherently free and could never be otherwise. Now I see something very different: the cooperation of government and large-scale private industry to restrict free speech and the free flow of information. Elon Musk made the decision to make Twitter much more like the old internet than the new one but, as a consequence, has lost many billions of dollars in revenue. As he puts it, free speech is very expensive. Truly, this is what it has come to. In other words, advertising dollars themselves are being deployed to restrict rather than expand freedom.The struggle for freedom is not technological but philosophical and religious. That’s where the real battle is,” writes Jeffrey A. Tucker and feels that freedom needs to be defended if we plan to keep it.
Jeffrey A. Tucker
FREE SPEECH IS VERY EXPENSIVE FOUNDATIONS OF INTERNET FREEDOM

Twelve years ago, I wrote a book called “A Beautiful Anarchy” which was a celebration of how the internet had evolved until that point in time. It largely operated in a decentralized manner, with businesses thriving within a spontaneous order.

The web browser was invented in 1995. Five years later, the dot-com bust cleansed the market of frenzies and created a template for more long-term projects. Facebook opened to the public in 2005. Google bought YouTube in 2006. The iPhone came out in 2007. The app economy began to emerge in 2008.By 2012, cooperation across digital platforms was remarkable, and advertising had not yet taken over the main portals. There were no omnipotent monopolists but only large industrial players among millions of options. Competition prevailed in most areas. Social media and the app economy were in a boom stage.

What everyone thought would be chaos ended up being very orderly and wonderful, with no direction from the top and no centralized plan. This is why I called it a beautiful anarchy.The book included celebratory essays on a large number of social media sites, explaining their roles in people’s lives and their contribution to making the world a better place.My big theory was that the digital cloud represented a new frontier that brought out the best of the pioneering spirit that built the West and forged generations of explorers, builders, and agents of enterprise and improvement.

Here we sit in 2024 and truly wonder: What happened?

My mistake was in thinking that this new-found freedom could last and last and nothing could ever happen that would change it. This prediction of mine, which of course turns out to be entirely wrong, was based on the idea that national governments could never manage to do to the internet what they had already done to the physical world. I believed that this new form of freedom would last forever and that this ethos of liberation would grow and grow.

Esta historia es de la edición July 2024 de Indian Economy & Market.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición July 2024 de Indian Economy & Market.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE INDIAN ECONOMY & MARKETVer todo
Globalism, Freedom & Democracy Do Not Mix
Indian Economy & Market

Globalism, Freedom & Democracy Do Not Mix

The world today is packed with wealthy institutions and individuals that stand in revolt against the ideas of freedom and democracy. They do not like the idea of geographically constrained states with zones of juridical power.

time-read
6 minutos  |
November 2024
WORLD DEVELOPMENT REPORT 2024 THE MIDDLE-INCOME TRAP
Indian Economy & Market

WORLD DEVELOPMENT REPORT 2024 THE MIDDLE-INCOME TRAP

A World Bank report titled 'World Development Report 2024: The Middle-Income Trap' indicates that India may take up to 75 years to attain just a quarter of the United States' per capita income. The insights in the report provides a useful reality check for India's ambitious goals, such as becoming a developed economy by 2047 or reaching a $5 trillion economy within the next three years.

time-read
5 minutos  |
November 2024
IN CONVERSATION: "We are working with a Vision 2035. I'm sure within next 5 years we will be ranking among the Fortune 500 companies.”
Indian Economy & Market

IN CONVERSATION: "We are working with a Vision 2035. I'm sure within next 5 years we will be ranking among the Fortune 500 companies.”

Sudarshan Pharma Industries Ltd., led by its promoters, Mr. Hemal V. Mehta, a chemical engineer, and Mr. Sachin V. Mehta, has established a strong foundation in specialty chemicals and bulk drugs. Their relentless enthusiasm is visible when they speak. Indian Economy & Market reached out, to piece together the company's achievements and new initiatives in detail.

time-read
9 minutos  |
November 2024
Sudarshan Pharma Industries Ltd. A MULTIBAGGER IN MAKING
Indian Economy & Market

Sudarshan Pharma Industries Ltd. A MULTIBAGGER IN MAKING

Sudarshan Pharma Industries Ltd. operates across various sectors in both the pharmaceutical and chemical industries, with a focus on specialty chemicals and intermediates, which find applications in Indian Le pharmaceuticals, paints, food products, and adhesives.

time-read
3 minutos  |
November 2024
MUTUAL FUND LITE OR MF LIT PROMISING PROGRESS FOR INVESTORS
Indian Economy & Market

MUTUAL FUND LITE OR MF LIT PROMISING PROGRESS FOR INVESTORS

The SEBI has streamlined rules for passively managed schemes to have the impact of letting more players in the mutual fund ecosystem and offering diversified, low-risk investment options to retail investors. It would increase market liquidity and attract participation from old as well as new Asset Management Companies (AMCs). Shivanand Pandit feels that MF Lite is going to democratize investment opportunities in the Indian financial market.

time-read
5 minutos  |
November 2024
BRICS Member States Ready to Dethrone Dollar
Indian Economy & Market

BRICS Member States Ready to Dethrone Dollar

AS the US weaponises the dollar in the Russian and Iranian sanctions, there is increasing desire by other developing countries to seek alternative currencies for trade, investment, and reserves, as well as developing alternative multilateral clearance systems outside of SWIFT.

time-read
3 minutos  |
November 2024
7 BEST PHARMA COMPANIES
Indian Economy & Market

7 BEST PHARMA COMPANIES

The pharmaceutical industry in India is expected to reach $65 Bn by end of 2024 and to $130 Bn by 2030. India is a major exporter of Pharmaceuticals, with over 200+ countries served by Indian pharma exports. While Nifty's performance has been lackluster over the past month, several pharmaceutical stocks have shown resilience.

time-read
10+ minutos  |
November 2024
NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?
Indian Economy & Market

NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?

The Securities and Exchange Board of India (SEBI) has introduced a consultation paper proposing a new investment product category aimed at addressing a specific market need. This proposed asset class would offer investment options that sit between mutual funds (MFS) and PMS, filling a gap and providing greater flexibility in portfolio management. The new investment vehicle is designed for investors who are prepared to take on riskier market positions but find PMS schemes or AIFs out of reach. SEBI after reviewing the feedback and finalizing the regulations through stakeholder discussions, may issue the final regulations.

time-read
5 minutos  |
August 2024
DECODING THE CHINA MYTH
Indian Economy & Market

DECODING THE CHINA MYTH

Myths die hard. Among these is the great myth that China's poised to take over the world. Here, James Rickards debunks that myth.

time-read
7 minutos  |
August 2024
What Is In Store For The Indian Economy?
Indian Economy & Market

What Is In Store For The Indian Economy?

Until the 2014 Lok Sabha elections, when the Bharatiya Janata Party secured 282 seats and Narendra Modi ascended to power, India experienced 21 years of coalition governments. A decade later, the BJP holds 240 seats in the Lok Sabha, and India is once again governed by a coalition. Fitch has indicated that coalition politics and a weakened mandate for the NDA could hinder the passage of ambitious reform legislation. It raises the question: Do coalition governments impede the economic reform agenda?

time-read
5 minutos  |
July 2024