Last month, the US considered legislation that aimed at stopping Internet piracy. The measure went too far, and has been withdrawn, but, unless a workable solution is found, most creative people will need to earn a living doing something else, and we will all be the losers.
PRINCETON – Last year, I told a colleague that I would include Internet ethics in a course that I was teaching. She suggested that I read a recently published anthology on computer ethics – and attached the entire volume to the email.
Should I have refused to read a pirated book? Was I receiving stolen goods, as advocates of stricter laws against Internet piracy claim?
If I steal someone’s book the old-fashioned way, I have the book, and the original owner no longer does. I am better off, but she is worse off. When people use pirated books, the publisher and the author often are worse off – they lose earnings from selling the book.
US President-elect Joe Biden may have promised a “return to normalcy,” but the truth is that there is no going back. The world is changing in fundamental ways, and the actions the world takes in the next few years will be critical to lay the groundwork for a sustainable, secure, and prosperous future.
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Many have been puzzled that the world’s stock markets haven’t collapsed in the face of the COVID-19 pandemic and the economic downturn it has wrought. But with interest rates low and likely to stay there, equities will continue to look attractive, particularly when compared to bonds.
explain why soaring equity valuations in five world regions may not be as absurd as many people think.
With Hungary and Poland vetoing the European Union's budget and COVID-19 recovery fund, the case for issuing perpetual bonds has never been stronger. While the EU cannot currently do so, given uncertainty about its future, many of its member states can and should.
calls on European Union member states, rather than the EU itself, to issue perpetual bonds.