A few corporations are tearng apart our world while handing us scraps, and yet we love them. This is one of those articles to ignore, but it had a few words worth sharing.
the tech industry is decimating the rest of the planet’s wealth and stability.
Its companies — especially the Frightful Five of Apple, Amazon, Google, Facebook and Microsoft, which employ a select and privileged few — look poised to systematically gut much of the rest of the economy. And while Silicon Valley’s technologies could vastly improve our lives, we are now learning that they may also destabilize great portions of the social fabric — letting outsiders wreak havoc on our elections, fostering distrust and conspiracy theories in the media, sowing ever-greater levels of inequality, and cementing a level of corporate control over culture and society unseen since the days of the Robber Barons.
Should the Middle Class Invest in Risky Tech Start-Ups? https://nyti.ms/2yrOwLi
Monopolization is killing Silicon Valley. It’s time to break up some of the big guys and jump start some innovation.
The staff here is not usually a fan of legal action as means to problem solving, but this fella seems to be on to something.
The abysmal state of consumer rights and especially the right to privacy when it comes to personal data screams for a solution. Government is too interested in pleasing corporations before the electorate to solve this one.
Enter the dreaded class action lawsuit. A Chicago firm has specialized for years in bringing class action suits to force companies to change their data gathering practices and respect personal data. Its obviously financially motivated and for the most part the tactics it uses are not admirable methods of change, but they seem to be effective. This firm is following the Silicon Valley M.O. of the moment: disruption. They’re disrupting the Silicon Valley practice trading personal data for piles of cash. Silicon Valley should laud them for their creativity.
Everyone loves Uber and the taxi industry needed reform and disruption, but they’re a negative disruption which will ultimately be seen as a vehicle for indentured servitude and low quality service. They may ultimately be lauded for bringing about positive change, but their methods will be looked down upon. Ditto for these lawyers. We need disruption in the data gathering biz, especially disruption favoring consumers and privacy. We may not like the method, but we will be appreciative of the results.