PGC – It’s not enough to be owned by your dependence on centralized systems, these same sources of central power now want your dependence on their platforms to offer them more than merely control through dependency on your life. The data you produce in how you execute your dependency on these centralized systems is well-documented thanks to the mostly digital manifestations and augmentations that human action is now expressed through.
This means that Google and Facebook and Amazon know enough about you to pretty much put you in any algorthm they want to determine your worth according to a system’s design. If your system wants to figure out whose going to live longer to offer more insurance, these guys can get you that information.
If your system wants to figure out whose the more viable money merchant, who has consistent financially ‘responsible’ behavior, these guys can tell you that as well. Given the fact that all of these companies have agreed in whole or in part to the code of race, gender, sexuality supremacisn, it reasonable to assume that such assessments of credit worthiness won’t be merely based on your direct financial action, but your political, your religious ones as well.
The article from Bloomberg holds this up as a good heads up for Financial Institutions, to get on board the social media data mining gravy trane where you get to assess the worth of human beings according to their interactions on platforms that are highly regimented and exclusive in who or what they allow on their platforms in the first place.
Get in on that sacred code, banks, so you can find out more and more about the people you will soon be banning from life because of their lack of moral plum by your strictly enforced moral supremacist standards.
Central Banks Need to Regulate Big Tech’s DNA or Risk the Next Financial Crisis – Bloomberg
From www.bloomberg.com
2021-08-05 18:00:32
Excerpt:
Why should banking watchdogs worry about the consumer internet? The answer, as researchers have been warning for some time, lies in their “DNA loop,” shorthand for data, network, activity. It’s a powerful circuit, which regulators must be prepared to break if they want to stop the next financial crisis in time.
The original data about consumers may come from e-commerce, social media or online searches; nothing to do with money. But in an ever-expanding successful network, it becomes easy to mine disparate bits of information to map users’ repayment behavior, and set up lending operations to exploit that knowledge. User activity on payment and loan platforms generates yet more data.
