> That’s because dossiers on billions of people hold the power to wreak almost unimaginable harm, and yet, each dossier brings in just a few dollars a year. For commercial surveillance to be cost effective, it has to socialize all the risks associated with mass surveillance and privatize all the gains.
> There’s an old-fashioned word for this: corruption. In corrupt systems, a few bad actors cost everyone else billions in order to bring in millions – the savings a factory can realize from dumping pollution in the water supply are much smaller than the costs we all bear from being poisoned by effluent. But the costs are widely diffused while the gains are tightly concentrated, so the beneficiaries of corruption can always outspend their victims to stay clear.
Spot on. Google's in exactly the same boat, it's just that they provide a few services which are legitimately useful (Search, Gmail), so they're targeted less right now.
> There’s an old-fashioned word for this: corruption. In corrupt systems, a few bad actors cost everyone else billions in order to bring in millions – the savings a factory can realize from dumping pollution in the water supply are much smaller than the costs we all bear from being poisoned by effluent. But the costs are widely diffused while the gains are tightly concentrated, so the beneficiaries of corruption can always outspend their victims to stay clear.
Spot on. Google's in exactly the same boat, it's just that they provide a few services which are legitimately useful (Search, Gmail), so they're targeted less right now.
How we will get out of this, I have no idea...