There's an argument (which I tend to favor) which postulates that the global increase in stock-exchange value has been due to the hidden transfer of wealth from the intangible space (environment/social) into private hands. Thus the boom in Walmart et al in 80s+ and social networking (Facebook etc) has been actually a net erosion due to pollution in China and loss of social capital. Real underlying productivity, the true source of wealth, has been slower to increase though automation of logistics, and elimination of many transactional middlemen has been a good start. Privacy has been one of the victims as a lot of Silicon Valley consumer facing brands have trolled the worlds networks harvesting information. A lot of it is statistical but most marketeers want specific soft targets (much like addictive advertising is around clubs or caloric stuffing (sugar) in schools. Cambridge Analytics is only the most visible sign but fundamentally it comes down to is your social/purchasing activity a public space or corporate town? Obviously SV have done their homework and figured out give $XXX in software freebies/features to sell $$$Y of targets justifies the occasional outrage. The IPrightists would say the solution is to create strong individual privacy rights backed by law but the problem is as always, enforcement. Its like who "owns" the (digital) footprints one leaves behind, the people who cast the concrete or should there be strong prohibitions against long-term retention (right to forget, etc). Facebook fatigue (where people abandon the endless cycles of updates/follows) is just a symptom that technology has exhausted our human capacity ... I don't think software is the solution because social habits don't change easily (the last big one was the Pill in 60s). The internet is a double-edged sword in allowing narrow special interest groups to find each other (reduced search costs) but also power to concentrate (economics of network effects). I suspect the long-term solution is to migrate away from the capital structure of the firm (with its profit maximisation maxim) towards more emphatic and responsive structures (coops / holonarchies?)
Lawrence On Tuesday, 22 May 2018 21:26:18 UTC+1, simran wrote: > > The questioning by the EU politicians was far far more intelligible than > the ones by US senators. > In fact, this interpretation is far more accurate on how the US senate > actually performed: https://www.youtube.com/watch?v=_zCDvOsdL9Q&t=5s > > Mark did an amazing job putting up with the US Senate, but he seemed to > fall apart at some of the questions from the EU politicians… and there was > a lot more "non answer answers" from him (especially around "shadow > profiles"). > > The reason facebook probably doesn't need to be broken up is probably > because it's only got a small amount of time left as the dominant platform > in it's current iteration… many kids that is less than 16 or so don't even > seem to use or want to use facebook; they call it "the old people's social > network" in schools. We talk about old companies (like mining companies, > banks, etc) having to transform / reinvent themselves to stay relevant, > that is even more true of pure digital tech companies… their cycle for > becoming outdated is becoming faster and i suspect is now less than 10 > years (unless they keep reinventing themselves much faster than that). > > The EU with GDPR is focusing on the core of the problem, which is around > privacy (and by extension, central data collection)… the US in that regard > is lightyears behind. > > > > On Wed, May 23, 2018 5:30 AM, Shane Greenup sh...@rbutr.com <javascript:> > wrote: > >> "No wonder Europe is in such a mess" >> >implying the USA isn't in a worse mess and the USA questioning wasn't >> just as incompetent. >> >> Technology moves too fast for politics. Politics is dead in the water >> until we figure out how to update it to match the rate of progress in >> technology. >> >> I suspect we'll see the singularity before we figure that out though. >> That or annihilation at the hands of an out of control technology. Either >> way, the problem kind of takes care of itself. >> >> On 22 May 2018 at 18:56, Dean Collins <de...@cognation.net <javascript:>> >> wrote: >> >> I'm @NowWatching the European question of Zuckerberg, im assuming most >> Australians wont have watched in live as it was at 2am in the morning but >> wondering what Australians are thinking about these claims by the EU on how >> Facebook is wrong and people in Europe don’t want to use it apart from >> lol...he doesn't get paid enough. >> >> The smartass asking 6 questions without pausing for answers/the questions >> to be written down with final part 6 saying Facebook should be broken up >> because he wants to see a European competitor..... >> >> My response would be GAGF. >> >> I'm never been pro Facebook.....but these questions are a witch hunt. >> >> No wonder Europe is in such a mess. Eg the guy who was late to the start >> of the meeting because of the strikes in France but now asking for $198 >> compensation for every facebook users data. >> >> Or the Irish politician wants Facebook to prevent fake accounts (idiot >> Irish kid who posted embarrasing sex photo and killed himself).....but the >> other EU politicians want to ban Facebook from building shadow accounts. >> (Which are used to prevent fake account generation). >> >> This is why EU is screwed up they can't agree on what they want. >> >> >> Ugh this questioning format is ridiculous but well done by Mark in not >> getting frustrated with their incompetence. >> >> Thoughts? >> >> >> Cheers >> Dean >> >> -- >> -- >> You received this message because you are subscribed to the Silicon Beach >> Australia mailing list. Vist http://siliconbeachaustralia.org for more >> >> Forum rules >> 1) No lurkers! It is expected that you introduce yourself. >> 2) No jobs postings. 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