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What if we had no regulation at all as to what could be published on the Internet? Let's assume that libel laws were not applicable

What if we had no regulation at all as to what could be published on the Internet? Let's assume that libel laws were not applicable in this "wild, wild West" Internet world.

Do you think that this is feasible? What would happen? Have we already experienced some of the results of this "hands-off" approach?

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