Interestingly, technological progress can end up providing many valuable products and services for free even without government intervention. For example, people used to pay for encyclopedias, atlases, sending letters and making phone calls, but now anyone with an internet connection gets access to all these things at no cost—together with free videoconferencing, photo sharing, social media, online courses and countless other new services. Many other things that can be highly valuable to a person, say a lifesaving course of antibiotics, have become extremely cheap. So thanks to technology,
...more
