The Techies Who Said Sorry

The fundamental underlying problem is the system of economic exchange we’re dealing with, which is sometimes called surveillance capitalism. It’s surveillance capitalism that, by tracking and monetizing the basic informational content of our lives, has fueled the spectacular growth of social media and other networked services in the last fifteen years. Personal privacy has been annihilated, and power and money have concentrated in the hands of whoever owns the most sophisticated machine to collect and parse consumer data. Because of the logic of network effects—according to which services increase in value and utility as more people use them—a few strong players have consolidated their control over the digital economy and show little sign of surrendering it.

 The Techies Who Said Sorry | Jacob Silverman

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