Video mentions India. There's a really old article [1] by Mark Ames and Yasha Levine about some of the negative parts of social media-based lending for poor peo

Video mentions India. There's a really old article [1] by Mark Ames and Yasha Levine about some of the negative parts of social media-based lending for poor people in India. It is called "micro-lending", Pierre Omidyar is big into it. I guess there were a bunch of suicides from a company he was funding. It is basically having more desperate people opt in to giving up privacy in exchange for loans. You opt in and it sucks in your data, system crunches on it and decides what to do. But, I do think this is kind of where the whole surveillance capitalism thing is headed. It is interesting to me everyone always points at China as this dystopian nightmare, but even major media outlets are now admitting all their articles on China's evil "social credit score" were kinda BS [2]. Seems to me the real nightmare is with our own oligarchs. [1]: https://www.nsfwcorp.com/dispatch/extraordinary-pierre-omidyar/ https://www.nsfwcorp.com/dispatch/extraordinary-pierre-omidy... [2]: https://foreignpolicy.com/2021/09/15/china-social-credit-system-authoritarian/ https://foreignpolicy.com/2021/09/15/china-social-credit-sys...