Should the Internet be like the "Old West"?

The idea of the Internet being a place of no consequence seems like very reachable, but in the end does not seem all that likely of ever happening. Sunstein lays out the idea that deregulation of the Internet is something that some would argue for and they have a point but not a strong one. The property rights and laws that are in place are not only there to protect the owners of these sites but to reign in the possibility of a law-free-zone that some argue would be ideal for the Internet. I think that regulation of the Internet is very needed and I do not ever feel oppressed by the fact that I cannot post things that are deemed illegal by the United States government. That said, I do not see a problem with downloading mp3's off of the Internet, and that is a violation of property law, but I feel that illegal file-sharing is pretty much impossible to stop. It is hard to monitor all of the uploading and downloading of leaked albums and bootlegs of the latest summer blockbuster, it simply would take too much time to stop and if one site gets shut down, 50 others will sprout up and do the same thing. Like this website that provided links to sporting events all around the world, that proved very nice for someone who did not want to pay for the NFL Sunday Ticket package on DirecTV.

I did find it interesting though that over 13 billion dollars each year is used on cyber terrorism. That seems like way too much, but the Internet is now the hub of our existence and protecting the content on it is just as important as keeping Lady Liberty intact.