The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
I think that the Internet is going to be one of the major forces for reducing the role of government.
The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B, without A knowing B or B knowing A.
The Internet moves us closer to "perfect information" on markets. Individuals and companies alike can buy and sell across borders and jurisdictions wherever they find the best match of supply and demand.
Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?
The Internet is the most effective instrument we have for globalization.
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