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Private ownership ≠ capitalism. Monopoly is a critique of free market capitalism, which naturally leads to a concentration of wealth for those who hold all the assets. Giving people ownership of their own data would help redistribute that wealth in a more equitable way.
No, it won’t fix the underlying problem of Capitalism, but it would at least be a step in the right direction.
Right. It’s private ownership of capital; aka the means of production. You’re saying that data should be owned because it can be used productively. That’s exactly capitalism for capitalism’s sake.
This is a typical economically right-wing approach. There is a problem, so you just create a new kind of property and call it done. The magic of the market takes care of it, or something. I don’t understand why one would expect a different result from trying the same thing.
Right, so instead of big tech companies keeping all the profits made from utilizing user data, a big chunk of it goes back into the pockets of the users themselves. Like a cooperative organization that shares profits with its workers.
Yes, and legislation that forces companies to pay higher wages (or in this case, royalties given back to users) is itself a form of wealth distribution that can help to reduce income inequality.
We can talk about the overthrow of capitalism, if you like, but that’s a whole separate issue.
I thought of something that maybe gets this across. Think about roads. We all pay for them with taxes. Companies use these roads for free to make a profit. EG Amazon runs delivery vehicles on public roads.
The (center-)left take on that is: “You didn’t build that.” It can be an argument for progressive taxation and even a wealth tax.
Then there’s people who say that we should privatize all the roads. Let Amazon pay a toll for using those roads. Is it clear that this is a conservative policy?
I see what you’re getting at, but that’s a flawed analogy.
Firstly, public roads are paid for collectively through taxes but everyone can benefit from them, not just large multinational corporations. That’s not currently how user data is used in the context we are discussing, since the users themselves do not benefit materially from the data they produce.
A more accurate use of a road analogy would be to say that, at the moment, the users build the roads themselves (generate their data), and the private companies say to the users “Thanks very much for building the roads, we’re now going to charge anyone who wants to use them and keep 100%. Oh, and you have no ownership rights, so we can restrict access to these roads as we see fit.”
You want to force people (not just companies) to pay for use of a new kind of intellectual property. That is capital income. You want money to go to property owners.
If you think about this for a second, you should realize that this means lower wages. If a bigger share goes to property owners, then employees must have a smaller share. The money can’t come from anywhere else.
Private ownership ≠ capitalism. Monopoly is a critique of free market capitalism, which naturally leads to a concentration of wealth for those who hold all the assets. Giving people ownership of their own data would help redistribute that wealth in a more equitable way.
No, it won’t fix the underlying problem of Capitalism, but it would at least be a step in the right direction.
Right. It’s private ownership of capital; aka the means of production. You’re saying that data should be owned because it can be used productively. That’s exactly capitalism for capitalism’s sake.
This is a typical economically right-wing approach. There is a problem, so you just create a new kind of property and call it done. The magic of the market takes care of it, or something. I don’t understand why one would expect a different result from trying the same thing.
The point of it is to redistribute wealth using the existing capitalist framework, which is a left-wing endeavour.
But it doesn’t redistribute wealth. To do that, you have to take wealth from somewhere and spread it elsewhere.
Right, so instead of big tech companies keeping all the profits made from utilizing user data, a big chunk of it goes back into the pockets of the users themselves. Like a cooperative organization that shares profits with its workers.
Like a corporation that pays wages. Yeah, trying the same thing and expecting a different outcome.
Yes, and legislation that forces companies to pay higher wages (or in this case, royalties given back to users) is itself a form of wealth distribution that can help to reduce income inequality.
We can talk about the overthrow of capitalism, if you like, but that’s a whole separate issue.
I thought of something that maybe gets this across. Think about roads. We all pay for them with taxes. Companies use these roads for free to make a profit. EG Amazon runs delivery vehicles on public roads.
The (center-)left take on that is: “You didn’t build that.” It can be an argument for progressive taxation and even a wealth tax.
Then there’s people who say that we should privatize all the roads. Let Amazon pay a toll for using those roads. Is it clear that this is a conservative policy?
I see what you’re getting at, but that’s a flawed analogy.
Firstly, public roads are paid for collectively through taxes but everyone can benefit from them, not just large multinational corporations. That’s not currently how user data is used in the context we are discussing, since the users themselves do not benefit materially from the data they produce.
A more accurate use of a road analogy would be to say that, at the moment, the users build the roads themselves (generate their data), and the private companies say to the users “Thanks very much for building the roads, we’re now going to charge anyone who wants to use them and keep 100%. Oh, and you have no ownership rights, so we can restrict access to these roads as we see fit.”
You want to force people (not just companies) to pay for use of a new kind of intellectual property. That is capital income. You want money to go to property owners.
If you think about this for a second, you should realize that this means lower wages. If a bigger share goes to property owners, then employees must have a smaller share. The money can’t come from anywhere else.