Saturday, January 10, 2015

Why the Silk Road Trial Matters: The anarchy of the free market

Wired reports:
Ross Ulbricht is finally getting his day in court, 15 months after plainclothes FBI agents grabbed him in the science fiction section of a San Francisco library and accused him of running the billion-dollar online drug bazaar known as the Silk Road. It’s a day that anyone who cares about crime, punishment and privacy in the shadows of the internet will be watching.

If Ulbricht doesn’t take a last-minute plea deal and his trial begins as scheduled in a New York courtroom Tuesday, it will be the most significant case of its kind—in many ways the only case of its kind—to play out in front of a jury. The Silk Road anonymous drug market he’s accused of creating was an unprecedented experiment in online anarchy and black market commerce. And Ulbricht’s insistence until now on taking his case to trial means its fundamental issues will be argued in public.
The anarchy of the free market.