Re:Bruce Schneier: Banning Facial Recognition Isn’t Enough
by munk-a on Monday January 20, 2020 @01:32PM
(#22101008)
> 2) Privacy in Public is economic sabotage
> Economically, the more corporations know about their customers the more that their business decisions — both strategic and tactical — will be made upon data rather than intuition. The less they know about their users — as any HN reader should know — the more their business is at risk of dying. The presumption of corporations as evil is simply unintelligent. It is especially galling to see such knee-jerk stupidity in a forum dedicated to making corporations. The greatest engine of wealth mankind has ever invented are corporations unhindered by market manipulations. The one exception being rules against monopolization and labor-abuse — i.e, practices that undermine the existence of corporations.
I'd like to note that there is no one here objecting to fairly compensated user surveys. Acquiring market data isn't free and information can be quite valuable, so why should companies feel entitled to that information for free? Once upon a time surrendering some of your privacy for market data would be a mutually agreed on activity - now it's cheaper to just take that information by force and without the consent of those involved.
> Economically, the more corporations know about their customers the more that their business decisions — both strategic and tactical — will be made upon data rather than intuition. The less they know about their users — as any HN reader should know — the more their business is at risk of dying. The presumption of corporations as evil is simply unintelligent. It is especially galling to see such knee-jerk stupidity in a forum dedicated to making corporations. The greatest engine of wealth mankind has ever invented are corporations unhindered by market manipulations. The one exception being rules against monopolization and labor-abuse — i.e, practices that undermine the existence of corporations.
I'd like to note that there is no one here objecting to fairly compensated user surveys. Acquiring market data isn't free and information can be quite valuable, so why should companies feel entitled to that information for free? Once upon a time surrendering some of your privacy for market data would be a mutually agreed on activity - now it's cheaper to just take that information by force and without the consent of those involved.