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Technology is a driving force in society, for both businesses and consumers. Indeed, the cyberspace revolution promises gains on the order of those achieved in the earlier industrial revolution. The implications are profound, not just in terms of economics, but in terms of quality of life. The flow if information at the speed of light has empowered individuals across the globe, with the number of worldwide internet users fast approaching 1.5 billion. Unfortunately, these gains can be trampled by government—through censorship, taxation, or regulation.

The internet creates a thorny array of important questions for government. The taxation of internet transactions, access to the internet, and privacy are the stuff of numerous government hearings, commissions, and studies. The internet also poses a challenge to standard notions of regulation, because it does not follow traditional political boundaries. A case in point is the government’s efforts to stamp out illegal online gambling.

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Wayne Brough :: Townhall.com :: Don’t Risk Innovation to a Bureaucratic Misinterpretation

Author Contact Info: Wayne Brough, Townhall.com

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