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This argument may well have some truth, but it shrinks the debate to individual choices about "money in my wallet" versus "privacy". Increasingly the debate is
by nonrandomstring 2y ago
This argument may well have some truth, but it shrinks the debate to
individual choices about "money in my wallet" versus "privacy".
Increasingly the debate is moving to national security. We hear that
the US government has lost trust in Microsoft. In the UK the choice of
GCHQ to use AWS has caused consternation. A much more complex and
nuanced landscape is emerging. Two of the links in the Techdirt
article reference national security issues.
National security and economic welfare of citizens are not separate.
Private profit of a few global surveillance and data trading companies
creates a problem that affects more than individual rights.
So even if one ignores ethics and rights and takes a purely economic
perspective, one has to ask whether the damage to a nation caused by
big-tech surveillance companies outweighs their net benefit to the
economy.
- glitchc 2y agoI agree with this. I don't know if we have easy solutions left to tackle this pernicious problem. But legislating privacy definitely won't work the way people think it will. In the past, boom and bust cycles, while causing major hardship for regular folks, would also wipe out most incumbents and monopolies, effectively resetting the economy. Modern monetary policy is designed to minimize economic shock, so that option is off the table, and has been for some time now.