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Privacy is what economists call an "externality" - i.e., the full cost of harming privacy is not accounted for in conventional business activity (like pollution
by wes-exp 13y ago
Privacy is what economists call an "externality" - i.e., the full cost of harming privacy is not accounted for in conventional business activity (like pollution).
In the past, naturally occurring inefficiencies helped to safeguard privacy. Privacy was free. However, now that the technology to collect, store, analyze, and distribute information is so cheap and readily available, we are seeing a massive loss of privacy.
As an economic externality, privacy can only be protected through deliberate effort. We will not get privacy unless we demand it from society. Therefore, political action is a prerequisite. Pro-privacy organizations will be essential in the years ahead.