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Connecting the Dots of Big Data, Soaring Corporate Profits and Trade Wars

Let’s connect the dots between these two comments from longtime correspondents:┬áthe first is on the model of collecting and selling data (Big Data), and the second on trade:

GFB:

“If I had a lot of money, would I want to do:

A) –invest in the exploration forbidding areas of the globe for oil reserves with a 50/50 chance of no results
–negotiate leases for the areas of the planet I want to extract oil in and have to negotiate with corrupt and unstable governments
–Pay for the oil extracting and transportation infrastructure
–deal with the fluctuating market values – which may make my whole investment worthless

OR

B) set up a low cost trap that has millions of people handing me for free, and with their acknowledged permission, their preferences, tastes, beliefs, and aspirations . . . which I can re-sell at almost no cost to a long list of buyers, with a price that I can set as I have the data.

(more…)

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