Tyler Cowen

The onset of a new year brings plenty of predictions, and so I will hazard one: Many of the biggest events of 2018 will be bound together by a common theme, namely the collision of the virtual internet with the real “flesh and blood” world. This integration is likely to steer our daily lives, our economy, and maybe even politics to an unprecedented degree. For instance, the coming year will see a major expansion of the “internet of things,” especially home and other smart devices subject to our commands.

[Commentary] Eliminating net neutrality is, in the best and worst case scenarios, either necessary to keep the internet up and running, or will lead to a dystopian future where a few major corporations control our thoughts. The more prosaic reality, however, is that a world without net neutrality will work just fine. I am therefore not incensed (or very excited) about the Federal Communications Commission proposal. Proponents of net neutrality are typically worried about the monopoly and pricing power held by cable companies and other internet service providers.