Internet Law And The Economy Essay - 1399 Words

Internet Law and the Economy Introduction This weeks article review is taken from Ubiquity, an ACM IT Magazine and forum. The article is The New Economy: Are Rules Irrelevant? by Daniel W. Uhlfelder, Esq. In this article it is discussed how the new economy of the Internet move forward and enact laws that would be beneficial to all parties involved. This will be hard if not impossible because the Internet can cross boundaries where laws could not cross. The each country and each region uphold and maintain laws and regulations specific for their purposes. Therefore, jurisdiction is a key issue in order to determine what laws, regulations, taxation or other concerns apply. As crimes are committed our society and economy pays the†¦show more content†¦It is now important to know the different laws and develop new laws by which these new relationships interact. The key is to understand the different laws and how they are used, where and how should they be enforced and how to protect our interests and the interest of others and how we can use and develop laws to the best advantage of society. According to Daniel W. Uhlefelder Security, Internet taxation, electronic signatures, privacy, copyright, minority, small business development, and contract formation in cyberspace: These are just a few of the important legal issues members of the new economy are going to face. (Uhlfelder, 2000) Laws relating to our worldwide commerce are going to be needed to avoid ciaos in our economic society. If we cannot keep up with these changes, then there may be ill effects to our society and economy. Federal Trade Commission Chairman Robert Pitofsky reminds us that when enacting laws we must remember: Protect the marketplace, and dont undermine the incentives for innovation. And that is what this is about. The incentives for innovation seem to be very important in this area. On the other hand, you dont want people taking advantage of the fact that claming that ‘Well, Were high tech. The antitrust laws dont apply to us. That is not an acceptable defense. (Uhlfelder, 2000) Predators exist everywhere and the internet is no exception. There are always people who takeShow MoreRelatedOnline Economic Uncertainty1140 Words   |  5 PagesNetflix has announced its partnership with Comcast to the public. Now, Netflix users that use Comcast as their internet service provider will have smoother streaming over other internet service providers. The deal that was agreed upon has allowed Netflix to pay Comcast so that their services will be more reliable for Comcast users on Netflix (Wyatt and Cohen). 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