Removing regulations on financial institutions also improves economic efficiency. It also results in stuff like say, the 2008 housing collapse, or the failure of entire countries (see: Greece).
Arguing against privacy protection by claiming its for the benefit of our economy is just rehashing the "free market vs regulated market" argument. Sure, economic efficiency improves. Our wellbeing? Not always.
Is ad tracking pervasiveness the same as locking factory workers inside a burning building? Probably not. But we learned well from that mistake almost a century ago. We'll learn from this one too.
Arguing against privacy protection by claiming its for the benefit of our economy is just rehashing the "free market vs regulated market" argument. Sure, economic efficiency improves. Our wellbeing? Not always.
Is ad tracking pervasiveness the same as locking factory workers inside a burning building? Probably not. But we learned well from that mistake almost a century ago. We'll learn from this one too.