Live data from Hacker News

Secrets of Surveillance Capitalism

faz.net

71–78 of 78 posts

Re: Secrets of Surveillance Capitalism

#71
Any writer that says something similar to Google or Apple are "the world’s most highly valued company" should be ignored. If they are going to twist the truth on this what ever else they say is unreliable.

There is no publicly traded company that is even close to the value of some non-publicly traded companies, ie Saudi Aramco.

Re: Secrets of Surveillance Capitalism

#72
post #4

Perhaps surveillance capitalism is zero-sum. There's only so much buying power, and at least in the US, consumers are mostly spent out. In that situation, advertising just moves demand around; it does not increase it. So all this consumer data-mining and targeting may be a net lose, just a cost imposed by the market on all the companies using it.

Just wait until they start selling your behavioral data for background checks, health insurance and credit ratings. Suddenly you are shut out of things and you don't even know why.

Re: Secrets of Surveillance Capitalism

#73
> Capitalism has been hijacked by a lucrative surveillance project that subverts the “normal” evolutionary mechanisms associated with its historical success and corrupts the unity of supply and demand that has for centuries, however imperfectly, tethered capitalism to the genuine needs of its populations and societies, thus enabling the fruitful expansion of market democracy.

> genuine needs

Capitalism reflects genuine greed, not genuine need.

Re: Secrets of Surveillance Capitalism

#74

Earlier quoted context omitted.

Because using DDG and having friends are mutually exclusive.

Your friends are on google mail, maybe hidden behind their own domain. Your friends post stories and pictures involving you on G+. If you hang with them...and their android phones. You can get rid of them or you can accept being google data.

So?

Re: Secrets of Surveillance Capitalism

#75

> Governmental control is nothing compared to what Google is up to. Governments have guns, Google does not. I'm not saying we should ignore corporate surveillance but there is a big difference.

> Governments have guns, Google does not. (Some) Governments are elected by their citizens. Google Chiefs aren't.

The important part for me it is to create up to date laws - and enforce them - that protect citizens for mass surveillance, public or private, while allowing for useful use of data like for making easier to file taxes or to store your personal contacts.

Re: Secrets of Surveillance Capitalism

#76
post #16

> Governmental control is nothing compared to what Google is up to. Governments have guns, Google does not. I'm not saying we should ignore corporate surveillance but there is a big difference.

> Governments have guns, Google does not. I'm not saying we should ignore corporate surveillance but there is a big difference. That's a misleading analogy. Problem is that Google/ebay/Microsoft/Silicon Valley cooperate closely with the law enforcement and employ a lot of former LEO people who still have close connections with law enforcement. Check out some of the Yasha Levine's articles. He's one of the best invest…

[deleted]

Re: Secrets of Surveillance Capitalism

#77
post #71

Any writer that says something similar to Google or Apple are "the world’s most highly valued company" should be ignored. If they are going to twist the truth on this what ever else they say is unreliable. There is no publicly traded company that is even close to the value of some non-publicly traded companies, ie Saudi Aramco.

That is like saying that the US Federal Reserve is a more valuable non-publicly traded company. The writer is implying that there is no public market to value that business. While Saudi Arabia mulls over bringing ~20% of Saudi Aramco public, this is still a far cry from the business having a proper market valuation on par with the likes of Apple or Google.

Re: Secrets of Surveillance Capitalism

#78

Silicon Valley engineers need to seriously ask themselves if its OK to be enabling a future like this.

If they don't do it, someone else will. Sometimes it might be better to be a critical mind shaping what happens, than being a bystander.

What is absolutely necessary is an awareness for what is happening, ethical guidelines and probably even governmental control.

What scares me most are the techy self optimizers, with every step obedient to their fitness tracker (so far from knowing what they really want) and believing that tech will get us out just in time before life on earth collapses (well, humanity on earth, nature finds its way).

Post reply on HN