What does the Marxist catchphrase “Data is the new oil” really mean?

New Discourses Bullets, Ep. 23

You have probably heard the quip: “data is the new oil.” What does that mean, and what does it imply? In this episode of New Discourses Bullets, host James Lindsay walks you through the concept, making it clear that data, like oil and gold before it, are not just extremely valuable commodities but can also serve as the basis for the next iteration of our currency. This has profound implications for life in the coming digital era if we don’t get ahead of it now by passing robust data privacy, ownership, and protection legislation. This is truly an issue of global importance!

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