Economic Consequences Of The Internet

The Internet spread to all over the world for economic and technological reasons.

For economic reasons, people provided themselves with a competitive environment in which people compete for higher quality, or upgrades. Then, people had the idea of sharing the information by cooperating and collaborating. Imagine it this way: “I’ll transfer this information from the left to the right for free, so when it comes to my turn, my information can be transferred for free.” Overall, the Internet became free and people can invest in it independently.

For technological reasons, the engineers designed the Internet system so that it is ultimately not at the best condition. In other words, they construct it so that the system could be easily fixed, renovated,

One example is that having too much of regulation increases the risk of people behaving destructively. For instance, it is believed that the drug issues in various countries come from the excessive regulation of drugs itself. When people cannot legally purchase and consume drugs, it opens up the opportunity for people to create black markets, or illegal stores. This issue can be applied to the world of Internet. Having too much regulation and rules may hinder societal advancements or even hurt the society since outlaws will seek for a way out to prosper illegally. Not only that, but also sharing experiences or knowledge becomes harder with

During the twentieth century, the concept was to connect people to people—IP for everyone. Nowadays, it’s starting to shift towards an innovative concept. It’s called IoT, where “things” and people connect. Previously, people communicated and connected with people using mediums such as Facebook and Twitter. Now, everyday objects such as bicycles or house keys have the Internet within them, which can connect with people. The benefits of IoT expands to the area of education. News article from Universal Herald says that, with the use of IoT, “students can now watch live lessons at home via live video feeds, engage on hands-on projects, and discuss them in the classroom” (Brandt). With many tablets connected to the internet, kids can learn outside the classes effectively and it is thought to improve education overall, helping both the educators and the learners. The problem with Internet of Things is perhaps the issues about privacy. Any Internet attached to vehicles could give GPS information; if this is sent to places not intended to, or is intercepted, it could cause privacy problems. If house keys malfunction and let other people in, it could cause serious problems. IoT attached to furniture could possibly overhear people’s conversation and when it is released to the public that will be an issue