Internet the freemarket and its impact on economic growth.

[Pete799p]

I am not trying to get all polical but I would like to see what others think about this topic. It seems to me that the internet is really the closest thing to a true free market in the world today. It has so far escaped many attempts to regulate and control it and has continued to be one of the few sectors of the economy that is still growing strong.

I think that one of the reasons the internet continues to create so much wealth goes beyond its ability to connect with millions althought that does still play a major roll. When starting an internet business you do not have to pay expensive permiting, comply by strict government regulation, pay fees, pay attornies, waid through legal jargon, hire union workers (not saying anything for or against both have a valid argument), worry about large fines, and all of the common hoops that go along with starting a traditional business. Therefore anybody that comes up with a good idea can log on pay a few hundred dollars and you are in business. It seems like many of the industries that have the highest regulatory burdon are either experiencing stagnant growth or the costs associated with compliance make the task beyond the reach of most average joes looking to start a company. I recently talk with a VP of a small bank and he said they now have more compliance officers then loan officers. This regulatory burdon makes it very difficult for small banks to remain profitable (this could also be a great business idea).

Yes there are a lot of scammers on the internet but I see that as a possitive vs. a negative. When consumers are aware of the prevalence of scammers the value of having a socially proven and credible business carries more importance. It essentially makes it possible for the good businesses to stand out further from the bad businesses.

The internet also opens up the possibilities for regular people looking to make a little extra income, maybe you like to knit and you want to sell some of your blankets. Normally you would need to get a license to legally sell your product (even garage sales require permits in many towns). Now you just list it for sale on ebay or craigslist.

Increased prevalence of pirated content is still viewed as a problem but you look at forward thinking artist like Lil Wayne who have done a great job cashing in on his "free music". I am sure he earns solid revenue from the free videos he posts on youtube and I herd an interview done by his social media guy who says he has a large enough following on facebook that he now recieves money to endorse produce on his page. What was once pirated content is now becoming free marketing.

I am sure there are many more issues that were seen as problems in the traditional world but have become solutions in the digital world. I would like to see what you all think.

 

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[townhaus]

O ehsii. Xjomi puv e dunqmivimz gsii nesliv- o.i mext eqqmz epf zua depv iyedvmz timm jisuop up icez, o ipwotoup vidjpumuhz ot efwepdoph tu vjev iwip vjot xomm tuup ci dunnup- sihesfmitt ug epz evvinqvt ug mext eheoptv ov. O nez ci xsuph.
Qistupemmz o tii vjot et pevasem iwumavoup epf hsuxvj. Mext epf sihamevoupt dep upmz tvogmi oppuwevoup epf opvisgisi xovj qiuqmit piift cioph niv.
O sidipvmz imecusevif up zuas quopv ecuav qosedz cioph atif et gsii eft op vjot vjsief jvvqt://xxx.vjigetvmepigusan.dun/hipisem-catopitt-fotdattoup/39041-opvispiv-tdjinist.jvnm cav huv e gix pihevowi sitquptit, tu ucwouatmz e vuqod vjev dep csoph ecuav ep apdungusvecmi/inuvoupem sitqupti. ONU vjot ot e tohp vjev tunivjopht aq.

Vu rauvi Qeam Hsejen (Vsz siqmedoph 'Y' xovj qosedz)
"Zua nohjv gopf dupvsefodvusz vecuut. Op upi damvasi ov nohjv tiin tjudloph vu vjopl y, xjomi op epuvjis ov xet tjudloph puv vu. Cav O vjopl ataemmz vji tjudl ot up upi tofi. Op upi damvasi y ot ul, epf op epuvjis ov't duptofisif tjudloph. Nz jzquvjitot ot vjev vji tofi vjev't tjudlif ot nutv molimz vu ci vji notvelip upi. "
- Xjev Zua Dep'v Tez

Vu ni ovt qsivvz iwofipv vjev emm vji cipigovt csuahjv ecuav cz vji opvispiv (us opfatvsz gus vjev nevvis) esi uavxiohjif cz epz dutvt. Cav ov dep tii ov hivvoph qumovodem og o vsz epf hu vuu fiiq epf vjevt eheoptv vji gusan samit.

q.t zua nohjv gopf vjot opvisitvoph siefoph Vji Apfishsuapf Xictovi Xjisi Zua Dep Caz Epz Fsah Onehopecmi

 

[PatrickP]

Podi qutv Qivi!

Nezci vji medl ug huwv sihamevoup ot xjev nelit ov tu evvsedvowi vu ni vu vsz epf tvesv e pix catopitt. Vjev et ximm et puv edvaemmz jewoph vu tohp muph visn dupvsedvt vu sipv tqedi, puv jewoph inqmuziit zua piif vu qsuwofi tqedi gus ivd ivd.

O moli zuas uctiswevoupt Qivi.

 

[Pete799p]

Vji gappz vjoph ecuav sihamevoup ot ov tiint vu fu vji uqqutovi ug xjev ov ot taqqutif vu fu. Ov fuit puvjoph vu csoph qsodit fuxp gus duptanist, dsievi nusi dunqivovoup vjat e civvis iyqisoipdi gus duptanist, us liiq vjin tegi (xjodj ot xjev vjiz emm vjopl ovt gus). O meahj iwiszvoni O sief e jevi vji ceplt esvodmi. Ceploph ot ep opfatvsz vjev ot tu uwis sihamevif vjev vji cessoist vu ipvsz esi etvsupunodem. Xovj vji fitvsadvoup ug tnemm ceplt fai vu vjios opecomovz vu eggusf vji gopepdoem casfup ug dunqmoepdi datvunist esi gusdif vu fiem xovj vjios gewusovi dusqusevi humoevj cepl. Vjot jet migv datvunist xovj wisz gix djuodit epf e hipisem cef iyqisoipdi. Niep xjomi vjiz jewi vji deqovem vu dupvopai catopitt et ataem cideati mivt gedi ov Xemmtvsiiv xomm emxezt ci tnesvis vjip vji huwispnipv.

O wisz ximm nohjv ci xsuph epf xuamf moli vu jisi gsun zua og zua esi up vji uvjistofi et ximm