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from the please-practice-pragmatic-paranoia dept.
Facebook wants banks to "share detail financial information about their customers, including card transactions and checking account balances". Summary article here, original paywalled WSJ article here, alternative link may avoid paywall.
Facebook says that "it wouldn't use bank data for ad-targeting purposes", and that they "don't have special relationships, partnerships, or contract with banks or credit-card companies to use their customers, purchase data for ads." You can just hear the missing word yet. In fact, later on the article specifically says "As part of the proposed deals, Facebook asked banks for information about where its users are shopping with their debit and credit cards".
Of course, the great mass of people will have no problem allowing Facebook into their financial lives...
(Score: 0, Offtopic) by Anonymous Coward on Wednesday August 08 2018, @02:59AM (3 children)
When the fox eats the rabbit, the fox is re-appropriating the resources of the rabbit against the rabbit's will; clearly, this is not a voluntary trade, and thus this is not an example of capitalism. (And, please, let's not forget that capitalism is an iterative process; it doesn't matter that the current distribution of resources has a sordid history.)
The coercive relationship between these two entities (the fox and the rabbit) yields something like subsistence—exactly the kind of existence that humans lived for most of their history. Then two things happened:
Technological advancements allowed for handling the logistics of capitalism (e.g., negotiating contracts, resolving disputes, and enforcing contracts, all of which require logic and numeracy and measurement of value, etc.).
A philosophical codification of capitalism as part of the culture. (for instance, it doesn't matter that one man is born of a noble family, while another of a peasant family; what matters is that their interaction be governed by a framework of agreements in advance; the nobleman must purchase meat from the butcher.)
Despite the fact that both of these developments are still woefully primitive, the result has been the greatest unlocking of productivity (and thus the greatest accumulation of wealth) that this part of the Universe has ever seen.
Get it yet?
(Score: 2, Touché) by Anonymous Coward on Wednesday August 08 2018, @03:53AM (1 child)
Seems that your iterative process got stuck into a stinky local minimum and won't budge. Wanna kick to get it out? Like a revolution or sumtin'?
Get it yet?
(Score: 2) by HiThere on Wednesday August 08 2018, @05:24PM
Unfortunately, that process usually ends up giving you something even worse.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
(Score: 1, Interesting) by Anonymous Coward on Wednesday August 08 2018, @04:02AM
I like the fox and rabbit metaphor. Now we can get away from men and angels, since we've established that all forms of political organization, including anarchy, require angels to work correctly.
It's an exciting time for the humans.
Wew lad! Hahaha! Holy shit, I can't even.
I think what you're failing to understand is that humans still have a long way to go. In particular, you seem not to have figured out yet that humans are not post-scarcity. They have not quite yet evolved to socialism, and you want to rush them along to anarcho-capitalism? Democratized post-scarcity, as opposed to the post-scarcity of automated socialism, is required for anarcho-capitalism to work.
That's like xenosociology 101. I highly recommend X'khyrg.pav's lecture series.