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>>They get it through the data-economy we live in - monopolistic companies syphoning petabytes of information about us to build impenetrable moats of data that
by ETH_start 4y ago
>>They get it through the data-economy we live in - monopolistic companies syphoning petabytes of information about us to build impenetrable moats of data that smaller businesses can't compete with.
This has everything to do with centralization.. the exclusive access these companies have to vast troves of private data is a consequence of billions of people relying on a handful of companies to provide internet services to them.
- cush 4y agoIt depends what companies we're talking about. Most of these companies are not internet services, they're so big that they're logistics companies - manufacturing, shipping, receiving, legal, human resources, etc etc etc. The internet is the conduit and plays a role in their marketing and sales, but there is absolutely no economic incentive for companies to share the data or consumers to move to an inferior product. This stickiness means consumers will purchase from those companies because of influences imposed by their data-moat (better price and product) If you say that decentralization is the solution, I'd retort "what are you even planning on decentralizing?", because most of their logistics isn't on "the internet", it's on the dark web