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