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I see the problem but this feels like a bad solution. The way I see it there are two real problems here. (1) Google, Facebook and the like do have a cost, just
by frgtpsswrdlame 9y ago
I see the problem but this feels like a bad solution. The way I see it there are two real problems here.
(1) Google, Facebook and the like do have a cost, just that it's data instead of money. The fact that we're one step removed from money obscures the true cost associated with the services. And when you combine that with the fact that the services themselves obscure what data they're collecting/have, there's no way for an end consumer to know if they're getting a 'good deal' since they have no idea what they're paying. A fix to this would be radical forced transparency - every consumer should be able to find out what data any company has on them - both collected and bought (and bought from whom for how much.)
(2) Data is too large a competitive advantage in certain industries. It seems similar to me to utilities. Barring local law I could try and start up a new water company and displace the incumbent but it would never work - the huge fixed costs make the industry prone to natural monopolization. Same here except with data. There are absolutely ginormous costs associated with collecting user data that could rival Google's or Facebook's (if it's even possible). You could start a company to try to beat Google but you'll never get the data to make it good enough to compete and since you're not good enough to compete you'll never get the data. The free market here has done it's work - it's generated something new and useful and beneficial to society, now we should nationalize it so that it stays that way.