“Your communications, as they happen largely today, don’t actually take place between you and the person that you are talking to. They happen between you and Facebook, who then provides a copy of it to the person you are talking to, or you and Gmail, who then gives a copy of it to the person that you are talking to and every time these transactions occur through these service providers, they keep a record of it.”
Payments can happen cheaply and easily without banks or credit card companies. This has now been demonstrated – not in the United States but in China. Unlike in the US, where numerous firms feast on fees from handling and processing payments, in China most money flows through mobile phones nearly for free. In 2018 these cashless payments totaled a whopping $41.5 trillion; and 90% were through Alipay and WeChat Pay, a pair of digital ecosystems that blend social media, commerce and banking. According to a May 2018 article in Bloomberg titled “Why China’s Payment Apps Give U.S. Bankers Nightmares“:
“It is through this sort of unholy connection of technology and sort of an unusual interpretation of contract law that these institutions have been able to transform this greatest virtue of humanity—which is this desire to interact and to connect and to cooperate and to share—to transform all of that into a weakness.
with Chris Hedges
RT America on Nov 3, 2018
Richard Walker, Professor Emeritus of Geography at the University of California, Berkeley, discusses his new book, Pictures of a Gone City: Tech and the Dark Side of Prosperity in the San Francisco Bay Area with journalist Chris Hedges. The book reveals Silicon Valley’s tech giant elitism, its role as a symbol of new capitalism, and the dark world of underpaid workers who lack security and rising homelessness.
Part 1: Facebook Purge of Alternative Media Is ‘Just the Beginning,’ Boasts DC Neocon Operative
TheRealNews on Oct 26, 2018
As Facebook and Twitter are purging alternative media outlets, a neoconservative operative at a US government-funded think tank says more censorship is on its way. Max Blumenthal and Jeb Sprague discuss how scaremongering over Russia and China is being exploited to silence dissent on social media.
Part 1: Facebook Erases Hundreds of Alternative Media Pages in Mass Purge
TheRealNews on Oct 18, 2018
Facebook is erasing popular alternative media pages that had millions of likes and suspending anti-war and anti-police brutality accounts, in coordination with Twitter. Journalist Max Blumenthal says this is part of a larger political crackdown; EFF’s David Greene says the implications are dangerous.
Updated: Aug. 15, 2018
Facebook Taps Militarist Think Tank Atlantic Council to Police its Content (Pt 1/2)
TheRealNews on Aug 11, 2018
From Alex Jones to alleged Russian trolls, major internet companies are increasingly policing content on their platforms. Max Blumenthal of the Grayzone Project says the partnership between Facebook and the Atlantic Council highlights “the merger of the national security state and Silicon Valley.”
The New York Times screamed its headline — “In 1997, Apple was 90 Days from Going Broke. On Thursday [Aug. 2, 2018], it became the first publicly traded American company to be valued at… $1,000,000,000,000.” The first trillion dollar company!
Now, at last, a real “election influence” scandal – and, laughably, it’s got nothing to do with Russia. The protagonists are none other than the “all-American” US social media giant Facebook and a British data consultancy firm with the academic-sounding name Cambridge Analytica.
It’s time I did a piece on this Fake News nonsense being put about by the Western propagandists, the originators of fake news and what better place to start than the BBC, the fountainhead of impartial and objective journalism, not.