As the data economy grows in power, privacy erosion is affecting both policymakers and investors, says Carissa Véliz in this one-minute video that highlights our CONNECTIVITY 2021 virtual event session.

Video Transcript

Even more important than being profitable, personal data bestows power upon those who have it. The more power you have, the more you get to decide what counts as knowledge. It determines who is going to win and who is going to lose in a certain transaction, and it determines how we’re going to be treated. You are not being treated as an equal citizen to your neighbor. You’re being treated on the basis of your data, so whether you are a man or a woman, black or white, rich or poor, whether you drive one kind of car or another, whether you have diabetes or not, you are going to be offered a different price for certain services. You are going to wait longer or shorter in line. You are going to see different opportunities online, so the kind of job advertisements you get are going to be different. And this is eroding the kind of social fabric of society that is necessary to have a healthy democracy.