Skip to main content

Lack of Privacy Destroys the Economy

Edward Snowden said yesterday:
The success of economies in developed nations relies increasingly on their creative output, and if that success is to continue we must remember that creativity is the product of curiosity, which in turn is the product of privacy.
He’s right. Anonymity and privacy increase innovation.
Anyone who has ever played a musical instrument knows that you need time to experiment and try new things in the privacy of your home – or your band’s garage – in order to improve. If every practice was at Carnegie Hall in front of a big crowd, you would be too self-conscious to experiment and try something new.
Same with every other field. Think of an artist painting in the middle of a major museum. Or a beginning programmer (think of a young Bill Gates or Steve Jobs) whose code is being livecast all over the Internet. Or a brilliant inventor (such as a leaner Elon Musk) whose first rough sketch is being dissected in real time.

Read more: here

Comments

Popular posts from this blog

The Debt Bubble Expands As Auto Loan Amounts Hit A New Record

Is anyone surprised that the poorest and least credit worthy of Americans are being saddled with piles of debt in order to buy new cars? It’s not enough that a generation of our citizens will toil pointlessly to pay off more than $1 trillion of student loans, we may as well add some other form of debt burden on top of it. It’s hard to even imagine this is happening so shortly after the last credit bubble train wreck, but happening it is. Creative ways for people to purchase cars they can’t afford have been on my radar screen for some time now, and if you recall, I posted an article last April titled:  Just Keep Dancing: Introducing the 97-Month Auto Loan . Well the dancing has continued, and now we have Americans borrowing at all-time record levels to buy cars. USA! USA! Read more: here