I'm doing a series for the Atlantic this month. First up—how the cashless society enables financial censorship:http://www.theatlantic.com/technology/archive/2016/04/cashless-society/477411/ …
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3rd installment was my fav to research. 19th century credit bureaus were surveillance hubs: http://www.theatlantic.com/technology/archive/2016/04/mass-surveillance-was-invented-by-credit-bureaus/479226/ …pic.twitter.com/44UdHFUCiF
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At this point, the unifying theme in the series should be clear: technological surveillance and our financial system are intertwined.
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@sarahjeong The real sinister part is that subprime lenders nearly eliminate their risk but they still charge usurious rates -
@sarahjeong the rates used to be justified by loss/cost of recovery, but even when those costs drop the rates stay high -
@sarahjeong I used to work for a company that provided the hardware/software for tracking subprime cars
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@sarahjeong also thanks for doing the piece. Predatory lenders need to be hunted by Predators (plane or alien)Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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@sarahjeong Humans gotta be human. Look at the#puertoricodebtcrisis the congressionally appointed commission is like a giant rootkit.Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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@sarahjeong The killswitch is the Achilles' heel of the Age of Automation.Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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