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The future of data regulation: a question of capitalism or democracy?

The internet has made it possible to both collect information from individuals in an unprecedented way and to monetize that information. Information gleaned from web browsing, online purchases, emails, and social media posts comes to mind. This information is valuable because it enables vendors to better target likely purchasers, politicians to contact sympathetic voters, and so forth. The major shift of advertising dollars into web-based ads clearly illustrates the value of this information

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Commentaries Guest User Commentaries Guest User

Data governance for democracy

The existing data economy undermines the foundations of open societies: meaningful democratic participation, productive collaboration, broad distribution of benefits, and fair competition. Instead, we see power centralized in a handful of players, wasted potential, and rampant economic exploitation. Consider, for example, huge networks like Facebook and Amazon that capture the information of billions of people and place it in the service of a few shareholders’ narrow interests—when the very same technologies could be harnessed to drive shared wealth and responsible progress. What to do?

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