Internet populists claim the proposed law will smother the free flow of information and turn website owners into censors. In city streets, demonstrators wear Guy Fawkes masks and chant slogans about why sharing is not stealing. Politicians quaver as the backlash proves larger and angrier than what they thought they’d signed up for.

Sound familiar? The U.S. Congress killed the Stop Online Piracy Act (SOPA) last month, in a bigger victory for corporate muscle than for free speech. Now comes the Anti-Counterfeiting Trade Agreement (ACTA), an international accord that creates a more harmonized legal regime for punishing piracy. The European …

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