For those who didn’t realize it just yet, the Silicon Valley algorithms are about to take over. Just as author Yuval Noah Harari predicted in his excellent 2015 book ‘Homo Deus’, the Californian tech behemoths have unleashed a beast that is beyond their control as it mines for the most priced asset of all, human data.
Mr Harari stated: “the individuals who sign up first to the Dataist project – will be the only ones with any real power left and it will be relatively unchallenged. Gaining entry into this new super-elite will be incredibly hard. You’ll need heroic levels of education plus zero squeamishness about marrying your personal identity with intelligent machines.”
Related coverage: <a href="https://thegoldwater.com/news/30598-Zuckerberg-Surpasses-Warren-Buffet-To-Become-Third-Richest-Person-In-The-World">Zuckerberg becomes third richest person in the world</a>.
“Then you can become one of the new “gods”. It’s a grim prospect: a small priestly caste of seers with access to the ultimate source of knowledge, and the rest of humanity simply tools in their vast schemes. The future could be a digitally supercharged version of the distant past: ancient Egypt multiplied by the power of Facebook.”
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">As I've been pointing out, concentrated tech power is moving us towards a dystopian social credit scoring system. <a href="https://t.co/r9vanI4RoH">https://t.co/r9vanI4RoH</a></p>— Matt Stoller (@matthewstoller) <a href="https://twitter.com/matthewstoller/status/1026491429764444161?ref_src=twsrc%5Etfw">August 6, 2018</a></blockquote>
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The latest example of this prediction comes in the form a today’s Wall Street Journal report informing its readers that social media giant Facebook is looking to agree for a data swap with the biggest US banks.
According to their report, Facebook wants to get “detailed financial information” about all users from American banks and has talked to JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp.
Although the financial institutions are currently ‘reluctant’ and worried about breaching ‘privacy laws,’ we urge you to reread their response lines in about 6 months from now.
Related coverage: <a href="https://thegoldwater.com/news/33083-Canada-Facebook-Algorithm-Bans-Museum-s-Picasso-Abstract-Nude">Facebook algorithm bans Picasso’s abstract nude</a>.
The end result would mean that your credit score can thus be linked to your online behavior. As predicted by Mr. Harari, the algorithm does not care about your feelings, it just wants to know how to control them to get to your money. This is what it was built for, this is what it will do.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Facebook asking major US banks for financial data in order to track consumer spending habits: report <a href="https://t.co/KDgNnAd468">https://t.co/KDgNnAd468</a> <a href="https://t.co/ANh3sIRSdP">pic.twitter.com/ANh3sIRSdP</a></p>— The Hill (@thehill) <a href="https://twitter.com/thehill/status/1026597298879520769?ref_src=twsrc%5Etfw">August 6, 2018</a></blockquote>
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Investors greeted the idea with positivism as Facebook stock shot up 3% in pre-market trading.
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The fact that FB asked the question should disqualify them for having access to any citizen's private details, even if a citizen agrees to allow them access.
FACE IT AMERICAN INTERNET USERS
We need a Internet Personal Privacy Act Law. Not a Law that just requires them to tell us they a spying on us.
But a Criminal Law that stops them from spying on us Without Interrupting Web Site access.
Maybe even a Profit sharing situation?
BTW: I stopped using GOOGLE except in extreme Data hunting situations .
I am using DuckDuckGo, Startpage, and Lukol
Everyone concerned with privacy should do everything possible to make it hard if not impossible to track their online activity. 1st step is to delete any social media account that has any personal info or was accessed with a home IP addy. If you feel you must fakebook/instagay or twatter for whatever reason be sure to use all fake info, a vpn, and a device that wasn't used with your real identity. Once you have a clean PC or other device be sure to always use a vpn and avoid gargle utube ect. you can access almost all online vids thru Hooktube.com and search with Duckduckgo.com. you also want to use a browser that has privacy as a priority. A great article idea for the staff at GW would be an article on how to stay private from data mining corporations!
The only thing FB hopes for is enough stupid people. They are probably plotting to destroy the "stock market" when their worthless collection of bits and bytes bite the dust. Regardless that it produces zero value to the economy other than someone is willing to pay for stupid people handing them information. Google is the same. Just CIA fronts.
why I never have had a Facebook account?