Snake oil salesman (n): a VC who peddles ethical technology when it is the fundaments of VC that gave us Surveillance Capitalism to begin with. VC doesn’t invest in the business, it invests in its sale (the exit). VC is not compatible with respect for human rights or democracy.
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Aral Balkan Retweeted Aral Balkan
Sustainable organisations that make ethical technology must maintain control over their social missions; they cannot do so if they’ve sold from day one (that’s what taking VC essentially it, it just takes 5-6 years for the sale to close if the business is successful).https://twitter.com/aral/status/978544548854095872 …
Aral Balkan added,
Aral Balkan @aralSnake oil salesman (n): a VC who peddles ethical technology when it is the fundaments of VC that gave us Surveillance Capitalism to begin with. VC doesn’t invest in the business, it invests in its sale (the exit). VC is not compatible with respect for human rights or democracy.Show this thread1 reply 1 retweet 2 likesShow this thread -
Aral Balkan Retweeted Aral Balkan
VCs bet on 10 high risk startups, knowing 9 are going to fail. So they need the 10th to be a billion-dollar “unicorn”. The only business model that scales that way is people farming. VC is at the heart of the
#SurveillanceCapitalism problem. It is the poisoned seed at its core.https://twitter.com/aral/status/978545029366079488 …Aral Balkan added,
Aral Balkan @aralSustainable organisations that make ethical technology must maintain control over their social missions; they cannot do so if they’ve sold from day one (that’s what taking VC essentially it, it just takes 5-6 years for the sale to close if the business is successful). https://twitter.com/aral/status/978544548854095872 …Show this thread1 reply 3 retweets 7 likesShow this thread -
Aral Balkan Retweeted Aral Balkan
People farming isn’t a new business model, it’s the evolution of another highly profitable model that was previously both legal and widespread: slavery.https://twitter.com/aral/status/978545520162607104 …
Aral Balkan added,
Aral Balkan @aralVCs bet on 10 high risk startups, knowing 9 are going to fail. So they need the 10th to be a billion-dollar “unicorn”. The only business model that scales that way is people farming. VC is at the heart of the#SurveillanceCapitalism problem. It is the poisoned seed at its core. https://twitter.com/aral/status/978545029366079488 …Show this thread1 reply 2 retweets 3 likesShow this thread -
Aral Balkan Retweeted Aral Balkan
In slavery we owned people’s bodies. Today, Silicon Valley doesn’t need your body. They can own everything else about you that makes you who you are and use that as a proxy to own you. That’s the actual business model of
#SurveillanceCapitalism https://ar.al/notes/the-nature-of-the-self-in-the-digital-age/ …https://twitter.com/aral/status/978546392103899136 …Aral Balkan added,
1 reply 5 retweets 7 likesShow this thread -
Aral Balkan Retweeted Aral Balkan
To fix surveillance capitalism, we must fix not just the surveillance part but the capitalism part also. We must move beyond the toxic, myopic, VC-funded business model of Silicon Valley to fund ethical alternatives from the commons for the common good. https://ar.al/notes/encouraging-individual-sovereignty-and-a-healthy-commons …https://twitter.com/aral/status/978546527277862912 …
Aral Balkan added,
Aral Balkan @aralIn slavery we owned people’s bodies. Today, Silicon Valley doesn’t need your body. They can own everything else about you that makes you who you are and use that as a proxy to own you. That’s the actual business model of#SurveillanceCapitalism https://ar.al/notes/the-nature-of-the-self-in-the-digital-age/ … https://twitter.com/aral/status/978546392103899136 …Show this thread1 reply 10 retweets 17 likesShow this thread
Aral Balkan Retweeted Aral Balkan
I’ll end by commending The City of Ghent for doing just that by supporting our efforts at @indie to build a free/open/interoperable federated personal web site platform.
Alternative funding exists. An alternative future is possible. We will move beyond #SurveillanceCapitalismhttps://twitter.com/aral/status/978547316264177665 …
Aral Balkan added,
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