The US government wants the Internet to stay unregulated and is banking on the private sector to set standards and policies.
Ira Magaziner, senior advisor to the President on policy development, said that government should step aside in most cases regarding the Internet. He believes that it would take too long for all the world's governments to decide on standards, while the private sector is better qualified for the task.
He also stressed that a deregulation of the telecomms industry is vital as communication is changing so rapidly with the growth of the Internet.
Speaking at the US Internet and Electronic Commerce Expo, Magaziner revealed that the government is also looking into the areas of taxation of Internet commerce, privacy and content.
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