Is Big Tech Merging With Big Brother? Kinda Looks Like It
“Big Brother is an emerging reality in China. Yet in the West, at least, the threat of government surveillance systems being integrated with the existing corporate surveillance capacities of big-data companies like Facebook, Google, Microsoft, and Amazon into one gigantic all-seeing eye appears to trouble very few people….We are iPhone owners and Amazon Prime members, not vassals of a one-party state. We are canny consumers who know that Facebook is tracking our interactions and Google is selling us stuff….Facebook, Google, and other big-data monopolists already hoover up behavioral markers and cues on a scale and with a frequency that few of us understand. They then analyze, package, and sell that data to their partners….These troubling trends are accelerating in part because Big Tech is increasingly beholden to Washington, which has little incentive to kill the golden goose that is filling its tax and political coffers….With so many pots of gold waiting at the end of the Washington, DC, rainbow, it seems like a small matter for tech companies to turn over our personal data – which legally speaking, is actually their data – to the spy agencies that guarantee their profits. This is the threat that is now emerging in plain sight. It is something we should reckon with now, before it’s too late….A national or global surveillance network that uses beneficent algorithms to reshape human thoughts and actions in ways that elites believe to be just or beneficial to all mankind is hardly the road to a new Eden. It’s the road to a prison camp.”
The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.