Estate of Denial:  The Cato Institute’s Julian Sanchez provides important perspective regarding public outcries over the Stop Online Piracy Act (SOPA) and PROTECT-IP Act (PIPA) by reminding of how the FBI already has significant power when it comes to internet regulation. That certainly doesn’t mean that apparently successful protests over these two acts weren’t a good thing, but Sanchez uses a Justice Department action that took place just last week to illustrate his point. From FBI Reminds Us Government Already Has MegaPower to Take Down Websites:

Online activists were still busy celebrating a successful day of protest against proposed (and now shelved) Internet censorship legislation when the Justice Department pulled the popular cyberlocker site Megaupload offline Thursday, and indicted its owners on charges of criminal copyright infringement. It was a serendipitously timed demonstration of two important facts.

Continue reading about the government’s power to regulate the internet.