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Exactly. But for the people that want that data, for the people who will pay for it, FUD is a great political tool, and this issue is too subtle for most people
by riazrizvi 7y ago
Exactly. But for the people that want that data, for the people who will pay for it, FUD is a great political tool, and this issue is too subtle for most people to get. I've tried to explain to my family, how the abdication of private behavior logs to some companies is creating economic/political inequality that may forever destroy norms of fairness & competitiveness that we enjoy, but they just don't get it...
For example, a friend worked at a proprietary hedge fund of a major US bank that was looking into the private accounts of their customers to drive trading decisions. Other investors can't compete against that, stock market investment is no longer fair. And you've broken a fundamental component of the economy, a fair & transparent investment system.