Capitalism
Report recommends limiting data retention and sharing, restricting targeted advertising, and strengthening protections for teens. A new Federal Trade Commission staff report that examines the data collection and use practices of major social media and video streaming services shows they engaged in vast surveillance of consumers in order to monetize their personal information while failing
Capitalism
is a concept in political economics which denotes the widespread collection and commodification of personal data by corporations.
Capitalism
Libertarians argue that capitalism is superior to socialism because in capitalism anyone is free to do anything — including start a worker cooperative. In truth, capitalism constrains our options, while socialism can liberate us to live as we please. Capitalism is a system under which the means of production can be bought and sold by
Capitalism
Sellers have always had access to more information than buyers, and “dynamic pricing,” which harnesses the power of algorithms and big data, is supercharging this asymmetry. If you weren’t already convinced the future of capitalism will involve an endless optimization of extractive capacity and the ensuing enshitification of every last bit of consumer life, well, get ready
Corpocracy
Trader Joe’s, SpaceX, and Meta are arguing in lawsuits that government agencies protecting workers and consumers—the NLRB and FTC—are “unconstitutional.” Trader Joe’s has become the second company in a month to sue the National Labor Relations Board for being “unconstitutional,” following the lead of Elon Musk’s SpaceX, as both companies face board charges for firing employees. These two
Corporate Greed
The Cincinnati Southern Railway is the last municipally owned interstate railroad in the US. Despite being a consistent moneymaker, the city may soon sell it to the private corporation responsible for the derailment in East Palestine, Ohio, earlier this year. The fate of the last municipally owned interstate railroad in the United States will be