Dark Leviathan

The Silk Road might have started as a libertarian experiment, but it was doomed to end as a fiefdom run by pirate kings

The Hidden Wiki holds the keys to a secret internet. To reach it, you need a special browser that can access ‘Tor Hidden Services’ – websites that have chosen to obscure their physical location. But even this browser isn’t enough. Like the Isla de Muerta in the film Pirates of the Caribbean, the landmarks of this hidden internet can be discovered only by those who already know where they are.

Sites such as the Hidden Wiki provide unreliable treasure maps. They publish lists of the special addresses for sites where you can use Bitcoin to buy drugs or stolen credit card numbers, play strange games, or simply talk, perhaps on subjects too delicate for the open web. The lists are often untrustworthy. Sometimes the addresses are out-of-date. Sometimes they are actively deceptive. One link might lead to a thriving marketplace for buying and selling stolen data; another, to a wrecker’s display of false lights, a cloned site designed to relieve you of your coin and give you nothing in return.

This hidden internet is a product of debates among technology-obsessed libertarians in the 1990s. These radicals hoped to combine cryptography and the internet into a universal solvent that would corrupt the bonds of government tyranny. New currencies, based on recent cryptographic advances, would undermine traditional fiat money, seizing the cash nexus from the grasp of the state. ‘Mix networks’, where everyone’s identity was hidden by multiple layers of encryption, would allow people to talk and engage in economic exchange without the government being able to see.

Read the full article at aeon.

Other Writing:

Academic Article

Weaponized Interdependence: How Global Economic Networks Shape State Coercion – with Abraham Newman

Henry Farrell and Abraham Newman (2019), “Weaponized Interdependence: How Global Economic Networks Shape State Coercion,” International Security 44, 1:42-79. Reprinted in Daniel Drezner, Henry Farrell and Abraham Newman, The Uses and Abuses of Weaponized Interdependence, Brookings Institution 2021. Liberals claim that globalization has led to fragmentation and decentralized networks of power relations. This does not ...
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Chapter in an Edited Volume

“Social Institutions among Economists in the Wake of the Financial Crisis,” in Economy and Society in Europe: A Relationship in Crisis – eds. Luigi Burroni, Maarten Keune and Gugliemo Mardi

While an economy is always ‘embedded’ in society, the relationship between the two is undergoing profound changes in Europe, resulting in widespread instability which is emphasised by the current crisis. This book analyses these changes, and in particular pressures of intensifying international competition, globalization and financialization within Europe. Henry Farrell, “Social Institutions among Economists in ...
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