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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: 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.