“If it’s free, you’re the product” has become the adage of our digital times. There is, as we are learning, always some iota of risk in giving something of yourself away for free.In the best-case scenario, your data will be harvested in line with your personal sharing preferences and used to advertise products and content to you that you actually want and benefit from. That’s positive sum progress.In the worst-case scenario your personal data will be harvested without permission and potentially used against you, whether that’s for the purposes of sending you political propaganda when you are most susceptible, inferior products you don’t really want to use or for the purposes of getting you to behave in ways that benefit others. That’s not progress, it’s a form of
FT Alphaville considers the following as important:
This could be interesting, too:
Menzie Chinn writes “Trifecta”
Menzie Chinn writes Business Cycle Indicators as of December 1st
ocanuto writes The two sides of capital flows to Brazil
“If it’s free, you’re the product” has become the adage of our digital...