Keeping the internet free might get very expensive

Modern economics has little room for parasites. In the vast majority of models, there are only buyers and sellers — there’s no one who just comes up and steals your money. In the real world, of course, there are parasites galore — thieves, con artists, fraudsters, extortionists and more. In the long term, the amount of parasitism in any system should depend on the cost of policing — if it’s easy for thieves to steal, there will be more theft. On the internet, parasites are rampant. Email spam, identity theft and cyberespionage are some of best-known examples. And, of course, there was the Oct. 21 denial-of-service attack that made many prominent websites inaccessible. Every year, billions of dollars are spent on cleaning the system of these bloodsuckers. That spending might…


Link to Full Article: Keeping the internet free might get very expensive

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