Preventing digital feudalism | New Europe - 1 views
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With personal data becoming the world’s most valuable commodity, will users be the platform economy’s masters or its slaves?
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Worse, the algorithmic processes being used often perpetuate gender and racial biases, and can be manipulated for profit or political gain. While we all benefit immensely from digital services such as Google search, we didn’t sign up to have our behaviour catalogued, shaped, and sold.
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Just as landowners in the seventeenth century extracted rents from land-price inflation, and just as robber barons profited from the scarcity of oil, today’s platform firms are extracting value through the monopolisation of search and e-commerce services.
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