I think the FB/CA thing is prob less about privacy than the specific fear that personal psych profiles create perfect advertising. Everyone could be made to act against their interests, not just gullible people! That this isn't already the case is a pleasant lie we tell ourselves
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IMO, advertising/meme spread/etc. at any level of efficacy is good or bad for the world only insofar as it's promoting something that's good or bad for the world. Super high-efficacy ads probably create a higher variance spread of possible outcomes, which probably isn't ideal.
End of conversation
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