Do without the Internet? (w/ Video)

July 14, 2011 By John Stossel

The number of Internet users worldwide has now surpassed two billion and so many of us have integrated the web into our lives that it's hard to quantify how much it's worth to us. But The Fund for American Studies gave it a shot.

This video is not supported by your browser at this time.

They asked people this question:.

How much would someone have to pay you to give up the Internet for the rest of your life?

Would a million dollars be enough? Twenty million? How about a billion dollars?

"When I ask my students this question, they say you couldn't pay me enough," says Professor Michael Cox, director of the O'Neil Center for Global Markets and Freedom at Southern Methodist University's Cox School of Business.

The free market, says Cox, creates a huge gap between what would be willing to pay for and how much it actually costs.

So when newspapers run headlines like "The poor get poorer and the rich get richer" - keep in mind that innovation makes everyone's lives much better.

The benefits of capitalism are underappreciated.

Explore further: China world's largest Internet market

Related Stories

China world's largest Internet market

April 22, 2008

A Chinese research firm said China has surpassed the United States as the world's largest Internet market based on number of users.

Cox to offer video-on-demand content through TiVo

August 12, 2010

(AP) -- Digital video recording pioneer TiVo Inc. and cable television provider Cox Communications Inc. are making it easier for Cox subscribers who use TiVo's DVR boxes to watch Cox's on-demand video content.

FCC to expand use of Internet subsidies in schools

September 21, 2010

(AP) -- The Federal Communications Commission wants to get more bang from the federal dollars that subsidize Internet access in schools and libraries by lifting some of the restrictions that come with the funds.

Cable company Cox launches cell service

November 19, 2010

(AP) -- Cox Communications, the country's third-largest cable company, is launching its long-planned cellular network in three scattered areas on Friday, taking on cell phone companies on its home turf.

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

not rated yet Jul 15, 2011
Pure nonsense!

These are conclusions that don't have to do anything with the topic.

That is not science but pure propaganda!

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.