The Hi-Tech Industry and Big Tech Companies in particular have major problems with their business models which result in oppressive surveillance capitalism. This is true for Big Tech Companies in America and in China and the effects are devastating. I have spoken about the negative externalities of the Attention Economy before and as more and more economic activity and commerce moves online our attention becomes increasingly fragmented and shortened as brands, companies, influencers and the media all want more and more of our waning attention spans. Why is this all happening so fast is one question. Data is the new oil, and our data is worth increasing amounts of money to the highest bidders who are advertisers. And the brokers who own most of our data is the big tech companies and they sell our data to other corporations and advertisers as well as give our data to governments as well.
Big Tech, Surveillance Capitalism and Antitrust
Big Tech, Surveillance Capitalism and…
Big Tech, Surveillance Capitalism and Antitrust
The Hi-Tech Industry and Big Tech Companies in particular have major problems with their business models which result in oppressive surveillance capitalism. This is true for Big Tech Companies in America and in China and the effects are devastating. I have spoken about the negative externalities of the Attention Economy before and as more and more economic activity and commerce moves online our attention becomes increasingly fragmented and shortened as brands, companies, influencers and the media all want more and more of our waning attention spans. Why is this all happening so fast is one question. Data is the new oil, and our data is worth increasing amounts of money to the highest bidders who are advertisers. And the brokers who own most of our data is the big tech companies and they sell our data to other corporations and advertisers as well as give our data to governments as well.