The current digital economy exploits ordinary people's data for profit from "summary" of Who Owns the Future? by Jaron Lanier
In our digital economy, data is often referred to as the new gold. Companies accumulate vast amounts of personal information from ordinary people through their online activities, such as browsing, shopping, and socializing. This data is then used to target advertisements, customize services, and make profits. However, the individuals who generate this valuable data rarely see any direct benefits from it. This exploitation of personal data for profit has become a defining feature of the current digital economy. The more data a company can collect and analyze, the more power and wealth it can accumulate. This creates a lopsided economy where a small number of companies amass enormous wealth while the vast majority of people see little return for their contributions. The problem is not that companies are collecting data, but rather that the benefits of this data are not being equitably distributed. Ordinary people are essentially providing free labor by generating data for...
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