Data Dictatorships: The Arms Race to Hack Humankind by Borja Moya

Author:Borja Moya
Language: eng
Format: epub
Published: 2019-10-26T16:00:00+00:00

THE REAL DATA ECONOMY

The rise of these new types of data brokers is based on the premise that every single person in the world is a source of value—even if they don’t have any money, their data is still valuable. And furthermore, even if these people don’t have any spending habits, their biometric data is valuable.

Data brokers’ value proposition is: Why don’t we figure out a way to put a value on that data and give back to people the opportunity of economic growth?

At first glance it seems like the obvious choice to avoid a useless class after the culmination of automatization. But there’s something deeper going on here.

This is not about data ownership or about ensuring that people profit from their data being used.

The issue here is that there’s a shift in the economy.

Right now we’re used to living in an economy in which currencies are being exchanged all the time. Dollars, Euros, Pounds, Yuans, you name it. But the shift we’re seeing in the economy—and it’s becoming pretty clear by now—is that we’re walking towards an economy in which the main thing that’s going to be exchanged is only information.

Thinking in terms of attributing a currency like the dollar to our data is terribly wrong. That misses the point completely. And the new breed of data brokers knows this by heart.

The economy we’re moving towards won’t allow you to put a dollar value on the information being transmitted. This time it requires its own value in information. It requires putting an informational value in data.

The real data economy requires payments in information. Not attributing values on information. Big difference.

This new economy is based on debt, just like the one that we’re leaving behind. But the difference is that data is at the core of that debt.

Now that we have a proper understanding of the nature of information and the root of the current debate—even though we still don’t have the conceptual framework to deal with this economy—we can start to imagine what the future is going to look like. We can easily see that Data Dictatorships are rushing to establish their own framework.

As you can guess Social Debt Systems are not only about China. In the west we’re moving pretty fast towards a Social Debt System as well.

But we have, apparently, a different taste.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.