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roystgnr comments on Open thread, Jan. 19 - Jan. 25, 2015 - Less Wrong
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You can have e-banking and e-commerce with "key escrow", though. That didn't fly in the 90s, and it's always been an inane idea, but I could definitely imagine "you should hide from hackers, but not from the police" PR spin ramping up again.
It already did -- see David Cameron's new stance on encryption e.g. here or elsewhere. He's not shy about it.
True. That said, the Internet has proven very good at defending its essential infrastructure, and I suspect it will continue to do so in future.