nexa
By thread
nexa@server-nexa.polito.it
By month
Messages by month
- ----- 2026 -----
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2025 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2024 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2023 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2022 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2021 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2020 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2019 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2018 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2017 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2016 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2015 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2014 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2013 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2012 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2011 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2010 -----
- December
- November
- October
- September
- August
- July
- June
- May
- April
- March
- February
- January
- ----- 2009 -----
- December
- November
- October
- September
- August
- July
- June
- May
November 2019
- 46 participants
- 219 messages
Innovazione nelle Istituzioni educative (come umanamente si può).
by Agata Lo Tauro
Questa volta scelgo NEXA per parlare di innovazione nelle Istituzioni
educative, come umanamente posso. (Renzo te lo sistemo e lo fai circolare
attraverso i tuoi network?. tu leggi in cc.)
Noi implementiamo attività di "Percorsi per le competenze trasversali e
l'orientamento ex Alternanza scuola lavoro e moduli di avviamento al CLIL
ed e.CLIL" sin dai primi anni di liceo... (ed alcune sperimentazioni anche
nelle scuole medie ... anche con strategie e.CLIL)
Forse siamo tra i primi in Italia, sbaglio? Implementiamo varie metodologie
didattiche innovative anche su palinsesti pluridisciplinari anche
all'interno di palinsesti ERASUMS...
"Piccoli geomatici, piccole guide turistiche, piccoli "innovatori",
etc."... ma le idee si possono moltiplicare all'infinito... E la
partecipazione con tutti voi può risultare preziosissima (Università,
imprese, scuole da varie parti del mondo, no profit.. etc.)... E' in corso
anche un "Percorso per le competenze trasversali" ove valorizziamo in
particolate anche i DSA e i BES (ne ho già parlato con DS e referenti... è
un work-in-progress)... La sperimentazione non si è ancora avviata -
work-in-progress...
Atro topic MOLTO impportante: Potenziamenti di offerte formative su
palinsesti europei ed internazionali (altro che triennali???): Lo abbiamo
fatto all'interno di *international networks* (compreso ETEE, RSA, etc... &
novel inclusive leadership)..Altro che esclusione dai TEAM??? Non
aspettiamo mica di superare il test "meritocratico inclusivo intaliano" (
*inciuciato* di matrice berlusconiana? :-) non ti offendere Silvio, ma un
ispettore mi ha mandato tutto il documento MIUR con i test tutto pieno di
*inciuti*... E' l'amara verità) per implementare leadership innovative...
Noi implementiamo le logiche 'ready, steady, go!' Ci occupiamo di didattica
speciale, pertanto è come se facessimo un piano didattico individualizzato
per ciascun alunno (comprese le eccellenze, si stanno implementando studi
di settore a riguardo)... e siamo contro i test e ve lo spieghiamo alla
femminina, come umanamente possiamo (senza fare riferimenti a letterature
di settore):
"È consigliabile evitare i test es. a risposta multipla : gli alunni D.S.A.,
e BES in genere, si perdono nella lettura, nella comprensione dei quesiti e
nella comprensione delle riposte e delle opzioni presenti nei test, etc."
Vanno contro la nostra stessa Constituzione, dicono diverse mamme e papà????
Implementiamo una raccolta di firme una* petition*...what? Guardiamo a
modelli più evoluti nel mondo???
Interessanti spunti di riflessione?
Insieme possiamo fare grandi cose per i giovani... Cultural Event -
CATANIA... sounds good?
*MY DEAR RSA ... Please Translations??? YOU are JUST GREAT!:-)*
*Si fa quel che si può*
Sappiamo bene che ciò che facciamo non è che una goccia nell’oceano. Ma se
questa goccia non ci fosse, all’oceano mancherebbe. Madre Teresa
have a great day!
agata
PS- https://www.econopoly.ilsole24ore.com/2019/08/09/fuga-cervelli/_
Nov. 10, 2019
Re: [nexa] How big tech is dragging us towards the next financial crash | Business | The Guardian
by Andrea Glorioso
Grazie, molto interessante.
C’è però un passaggio che mi è poco chiaro: “ Technology firms drive down
the prices of lots of things, and tech-related deflation is a big part of
what has kept interest rates so low for so long; it has not only
constrained prices, but wages, too.”
Mi sfugge la connessione con i tassi di interesse e i redditi da lavoro.
A presto,
Andrea
On Fri, Nov 8, 2019 at 2:36 PM Alberto Cammozzo <ac+nexa(a)zeromx.net> wrote:
> <
> https://www.theguardian.com/business/2019/nov/08/how-big-tech-is-dragging-u…
> >
>
>
> ‘In every major economic downturn in US history, the ‘villains’ have
> been the ‘heroes’ during the preceding boom,” said the late, great
> management guru Peter Drucker. I cannot help but wonder if that might be
> the case over the next few years, as the United States (and possibly the
> world) heads toward its next big slowdown. Downturns historically come
> about once every decade, and it has been more than that since the 2008
> financial crisis. Back then, banks were the “too-big-to-fail”
> institutions responsible for our falling stock portfolios, home prices
> and salaries. Technology companies, by contrast, have led the market
> upswing over the past decade. But this time around, it is the big tech
> firms that could play the spoiler role.
>
> You wouldn’t think it could be so when you look at the biggest and
> richest tech firms today. Take Apple. Warren Buffett says he wished he
> owned even more Apple stock. (His Berkshire Hathaway has a 5% stake in
> the company.) Goldman Sachs is launching a new credit card with the tech
> titan, which became the world’s first $1tn market-cap company in 2018.
> But hidden within these bullish headlines are a number of disturbing
> economic trends, of which Apple is already an exemplar. Study this one
> company and you begin to understand how big tech companies – the new
> too-big-to-fail institutions – could indeed sow the seeds of the next
> crisis.
>
> No matter what the Silicon Valley giants might argue, ultimately, size
> is a problem, just as it was for the banks. This is not because bigger
> is inherently bad, but because the complexity of these organisations
> makes them so difficult to police. Like the big banks, big tech uses its
> lobbying muscle to try to avoid regulation. And like the banks, it tries
> to sell us on the idea that it deserves to play by different rules.
>
> Consider the financial engineering done by such firms. Like most of the
> largest and most profitable multinational companies, Apple has loads of
> cash – around $210bn at last count – as well as plenty of debt (close to
> $110bn). That is because – like nearly every other large, rich company –
> it has parked most of its spare cash in offshore bond portfolios over
> the past 10 years. This is part of a Kafkaesque financial shell game
> that has played out since the 2008 financial crisis. Back then, interest
> rates were lowered and central bankers flooded the economy with easy
> money to try to engineer a recovery. But the main beneficiaries were
> large companies, which issued lots of cheap debt, and used it to buy
> back their own shares and pay out dividends, which bolstered corporate
> share prices and investors, but not the real economy. The Trump
> corporate tax cuts added fuel to this fire. Apple, for example, was
> responsible for about a quarter of the $407bn in buy-backs announced in
> the six months or so after Trump’s tax law was passed in December 2017 –
> the biggest corporate tax cut in US history.
>
> Because of this, the wealth divide has been increased, which many
> economists believe is not only the biggest factor in
> slower-than-historic trend growth, but is also driving the political
> populism that threatens the market system itself.
>
> That phenomenon has been put on steroids by yet another trend epitomised
> by Apple: the rise of intangibles such as intellectual property and
> brands (both of which the company has in spades) relative to tangible
> goods as a share of the global economy. As Jonathan Haskel and Stian
> Westlake show in their book Capitalism Without Capital, this shift
> became noticeable around 2000, but really took off after the
> introduction of the iPhone in 2007. The digital economy has a tendency
> to create superstars, since software and internet services are so
> scalable and enjoy network effects (in essence, they allow a handful of
> companies to grow quickly and eat everyone else’s lunch). But according
> to Haskel and Westlake, it also seems to reduce investment across the
> economy as a whole. This is not only because banks are reluctant to lend
> to businesses whose intangible assets may simply disappear if they go
> belly-up, but also because of the winner-takes-all effect that a handful
> of companies, including Apple (and Amazon and Google), enjoy.
> Apple CEO Tim Cook and President Donald Trump at the White House in
> March 6, 2019
> Apple CEO Tim Cook and President Donald Trump at the White House in
> March. Photograph: UPI/Barcroft Images
>
> This is likely a key reason for the dearth of startups, declining job
> creation, falling demand and other disturbing trends in our bifurcated
> economy. Concentration of power of the sort that Apple and Amazon enjoy
> is a key reason for record levels of mergers and acquisitions. In
> telecoms and media especially, many companies have taken on significant
> amounts of debt in order to bulk up and compete in this new environment
> of streaming video and digital media.
>
> Some of that debt is now looking shaky, which underscores that the next
> big crisis probably won’t emanate from banks, but from the corporate
> sector. Rapid growth in debt levels is historically the best predictor
> of a crisis. And for the past several years, the corporate bond market
> has been on a tear, with companies in advanced economies issuing a
> record amount of debt; the market grew 70% over the past decade, to
> reach $10.17tn in 2018. Even mediocre companies have benefited from easy
> money.
>
> But as the interest rate environment changes, perhaps more quickly than
> was anticipated, many could be vulnerable. The Bank for International
> Settlements – the international body that monitors the global financial
> system – has warned that the long period of low rates has cooked up a
> larger than usual number of “zombie” companies, which will not have
> enough profits to make their debt payments if interest rates rise. When
> rates eventually do rise, warns the BIS, losses and ripple effects may
> be more severe than usual.
>
> Of course, if and when the next crisis is upon us, the deflationary
> power of technology (meaning the way in which it drives down prices),
> exemplified by companies like Apple, could make it more difficult to
> manage. That is the final trend worth considering. Technology firms
> drive down the prices of lots of things, and tech-related deflation is a
> big part of what has kept interest rates so low for so long; it has not
> only constrained prices, but wages, too. The fact that interest rates
> are so low, in part thanks to that tech-driven deflation, means that
> central bankers will have much less room to navigate through any
> upcoming crisis. Apple and the other purveyors of intangibles have
> benefited more than other companies from this environment of low rates,
> cheap debt, and high stock prices over the past 10 years. But their
> power has also sowed the seeds of what could be the next big swing in
> the markets.
>
> A few years ago, I had a fascinating conversation with an economist at
> the US Treasury’s Office of Financial Research, a small but important
> body that was created following the 2008 financial crisis to study
> market trouble, and which has since seen its funding slashed by Trump. I
> was trawling for information about financial risk and where it might be
> held, and the economist told me to look at the debt offerings and
> corporate bond purchases being made by the largest, richest corporations
> in the world, such as Apple or Google, whose market value now dwarfed
> that of the biggest banks and investment firms.
>
> In a low interest rate environment, with billions of dollars in yearly
> earnings, these high-grade firms were issuing their own cheap debt and
> using it to buy up the higher-yielding corporate debt of other firms. In
> the search for both higher returns and for something to do with all
> their money, they were, in a way, acting like banks, taking large anchor
> positions in new corporate debt offerings and essentially underwriting
> them the way that JP Morgan or Goldman Sachs might. But, it is worth
> noting, since such companies are not regulated like banks, it is
> difficult to track exactly what they are buying, how much they are
> buying and what the market implications might be. There simply is not a
> paper trail the way there is in finance. Still, the idea that cash-rich
> tech companies might be the new systemically important institutions was
> compelling.
>
> I began digging for more on the topic, and about two years later, in
> 2018, I came across a stunning Credit Suisse report that both confirmed
> and quantified the idea. The economist who wrote it, Zoltan Pozsar,
> forensically analysed the $1tn in corporate savings parked in offshore
> accounts, mostly by big tech firms. The largest and most
> intellectual-property-rich 10% of companies – Apple, Microsoft, Cisco,
> Oracle and Alphabet (Google’s parent company) among them – controlled
> 80% of this hoard.
>
> According to Pozsar’s calculations, most of that money was held not in
> cash but in bonds – half of it in corporate bonds. The much-lauded
> overseas “cash” pile held by the richest American companies, a treasure
> that Republicans under Trump had cited as the key reason they passed
> their ill-advised tax “reform” plan, was actually a giant bond
> portfolio. And it was owned not by banks or mutual funds, which
> typically have such large financial holdings, but by the world’s biggest
> technology firms. In addition to being the most profitable and least
> regulated industry on the planet, the Silicon Valley giants had also
> become systemically crucial within the marketplace, holding assets that
> – if sold or downgraded – could topple the markets themselves. Hiding in
> plain sight was an amazing new discovery: big tech, not big banks, was
> the new too-big-to-fail industry.
>
> As I began to think about the comparison, I found more and more
> parallels. Some of them were attitudinal. It was fascinating, for
> example, to see how much the technology industry’s response to the 2016
> election crisis mirrored the banking industry’s behaviour in the wake of
> the financial crisis of 2008. Just as Wall Street had obfuscated as much
> as possible about what it was doing before and after the crisis, every
> bit of useful information about election meddling had to be clawed away
> from the titans of big tech.
>
> First, they insisted that they had done nothing wrong, and that anyone
> who thought they had simply did not understand the technology industry.
> It was under extreme pressure from both press and regulators that
> Facebook’s Mark Zuckerberg finally turned over 3,000 Russia-linked
> adverts to Congress. Google and others were only marginally less
> evasive. Similar to Wall Street financiers at the time of the US
> sub-prime crisis, the tech titans have remained, years after the 2016
> election, in a largely reactive posture, parting with as few details as
> possible, attempting to keep the asymmetric information advantages of
> their business model that, as in the banking industry, help generate
> outsized profit margins. It is a “deny and deflect” attitude similar to
> what we saw from financiers in 2008, and has resulted in deservedly
> terrible PR.
>
> But there are more substantive similarities as well. At a meta level, I
> see four major likenesses in big finance and big tech: corporate
> mythology, opacity, complexity and size. In terms of mythology, Wall
> Street before 2008 sold the idea that what was good for the financial
> sector was good for the economy. Until quite recently, big tech tried to
> convince us of the same. But there are two sides to the story, and
> neither industry is quick to acknowledge or take responsibility for the
> downsides of “innovation”.
>
> A raft of research shows us that trust in liberal democracy, government,
> media and nongovernmental organisations declines as social media usage
> rises. In Myanmar, Facebook has been leveraged to support genocide. In
> China, Apple and Google have bowed to government demands for censorship.
> In the US, of course, personal data is being collected, monetised and
> weaponised in ways that we are only just beginning to understand, and
> monopolies are squashing job creation and innovation. At this point, it
> is harder and harder to argue that the benefits of platform technology
> vastly outweigh the costs.
>
> Big tech and big banks are also similar in the opacity and complexity of
> their operations. The algorithmic use of data is like the complex
> securitisation done by the world’s too-big-to-fail banks in the
> sub-prime era. Both are understood largely by industry experts who can
> use information asymmetry to hide risks and the nefarious things that
> companies profit from, such as dubious political ads.
>
> Yet that complexity can backfire. Just as many big-bank risk managers
> had no idea what was going in to and coming out of the black box before
> 2008, big tech executives themselves can be thrown off balance by the
> ways in which their technology can be misused. Consider, for example,
> the New York Times investigation in 2018 that revealed that Facebook had
> allowed a number of other big tech companies, including Apple, Amazon
> and Microsoft, to tap sensitive user data even as it was promising to
> protect privacy.
> Facebook’s Mark Zuckerberg at a US House Financial Services Committee
> hearing in Washington DC last month.
> Facebook’s Mark Zuckerberg at a US House Financial Services Committee
> hearing in Washington DC last month. Photograph: Michael Reynolds/EPA
>
> Facebook entered into the data-sharing deals – which are a win-win for
> the big tech firms in general, to the extent that they increase traffic
> between the various platforms and bring more and more users to them –
> between 2010 and 2017 to grow its social network as fast as possible.
> But neither Facebook nor the other companies involved could keep track
> of all the implications of the arrangements for user privacy. Apple
> claimed to not even know it was in such a deal with Facebook, a rather
> stunning admission given the way in which Apple has marketed itself as a
> protector of user privacy. At Facebook, “some engineers and executives …
> considered the privacy reviews an impediment to quick innovation and
> growth”, read a telling line in the Times piece. And grow it has:
> Facebook took in more than $40bn in revenue in 2017, more than double
> the $17.9bn it reported for 2015.
>
> Facebook’s prioritisation of growth over governance is egregious but not
> unique. The tendency to look myopically at share price as the one and
> only indicator of value is something fostered by Wall Street, but by no
> means limited to it. The obliviousness of the tech executives who cut
> these deals reminds me of bank executives who had no understanding of
> the risks built into their balance sheets until markets started to blow
> up during the 2008 financial crisis.
>
> Companies tend to prioritise what can be quantified, such as earnings
> per share and the ratio of the stock price to earnings, and ignore
> (until it is too late) the harder-to-measure business risks.
>
> It is no accident that most of the wealth in our world is being held by
> a smaller and smaller number of rich individuals and corporations who
> use financial wizardry such as tax offshoring and buy-backs to ensure
> that they keep it out of the hands of national governments. It is what
> we have been taught to think of as normal, thanks to the ideological
> triumph of the Chicago School of economic thought, which has, for the
> past five decades or so, preached, among other things, that the only
> purpose of corporations should be to maximise profits.
>
> The notion of “shareholder value” is shorthand for this idea. The
> maximisation of shareholder value is part of the larger process of
> “financialisation”. It is a process that has risen, in tandem with the
> Chicago School of thinking, since the 1980s, and has created a situation
> in which markets have become not a conduit for supporting the real
> economy, as Adam Smith would have said they should be, but rather, the
> tail that wags the dog.
>
> “Consumer welfare,” rather than citizen welfare, is our primary concern.
> We assume that rising share prices signify something good for the
> economy as a whole, as opposed to merely increasing wealth for those who
> own them. In this process, we have moved from being a market economy to
> being what Harvard law professor Michael Sandel would call a “market
> society”, obsessed with profit maximisation in every aspect of our
> lives. Our access to the basics – healthcare, education, justice – is
> determined by wealth. Our experiences of ourselves and those around us
> are thought of in transactional terms, something that is reflected in
> the language of the day (we “maximise” time and “monetise” relationships).
>
> Now, with the rise of the surveillance capitalism practised by big tech,
> we ourselves are maximised for profit. Remember that our personal data
> is, for these companies and the others that harvest it, the main
> business input. As Larry Page himself once said when asked “What is
> Google?”: “If we did have a category, it would be personal information …
> the places you’ve seen. Communications … Sensors are really cheap …
> Storage is cheap. Cameras are cheap. People will generate enormous
> amounts of data … Everything you’ve ever heard or seen or experienced
> will become searchable. Your whole life will be searchable.”
>
> Think about that. You are the raw material used to make the product that
> sells you to advertisers.
>
> Financial markets have facilitated the shift toward this invasive,
> short-term, selfish capitalism, which has run in tandem with both
> globalisation and technological advancement, creating a loop in which we
> are constantly competing with greater numbers of people, in shorter
> amounts of time, for more and more consumer goods that may be cheaper
> thanks in part to the deflationary effects of both outsourcing and
> tech-based disruption, but that cannot compensate for our stagnant
> incomes and stressed-out lives.
>
> But you could argue that, in a deeper way, Silicon Valley – not the old
> Valley that was full of garage startups and true innovators, but the
> financially driven Silicon Valley of today – represents the apex of the
> shift toward financialisation. Today the large tech companies are run by
> a generation of business leaders who came of age and started their firms
> at a time when government was viewed as the enemy, and profit
> maximisation was universally seen as the best way to advance the
> economy, and indeed society. Regulation or limits on corporate behaviour
> have been viewed as tyrannical or even authoritarian. “Self-regulation”
> has become the norm. “Consumers” have replaced citizens. All of it is
> reflected in the Valley’s “move fast and break things” mentality, which
> the tech titans view as a fait accompli. As Eric Schmidt and Jared Cohen
> wrote in an afterword to the paperback edition of their book: “Bemoaning
> the inevitable increase in the size and reach of the technology sector
> distracts us from the real question … Many of the changes that we
> discuss are inevitable. They’re coming.”
>
> Perhaps. But the idea that this should preclude any discussion of the
> effects of the technology sector on the public at large is simply
> arrogant. There is a huge cost to this line of thinking. Consider the
> $1tn in wealth that has been parked offshore by the US’s largest, most
> IP-rich firms. A trillion is no small sum: that is an 18th of the US’s
> annual GDP, much of which was garnered from products and services made
> possible by core government-funded research and innovators. Yet US
> citizens have not got their fair share of that investment because of tax
> offshoring. It is worth noting that while the US corporate tax rate was
> recently lowered from 35% to 21%, most big companies have for years paid
> only about 20% of their income, thanks to various loopholes. The tech
> industry pays even less – roughly 11-15% – for this same reason: data
> and IP can be offshored while a factory or grocery store cannot. This
> points to yet another neoliberal myth – the idea that if we simply cut
> US tax rates, then these “American” companies will bring all their money
> home and invest it in job-creating goods and services in the US. But the
> nation’s biggest and richest companies have been at the forefront of
> globalisation since the 1980s. Despite small decreases in overseas
> revenues for the past couple of years, nearly half of all sales from S&P
> 500 companies come from abroad.
>
> How, then, can such companies be perceived as being “totally committed”
> to the US, or, indeed, to any particular country? Their commitment, at
> least the way American capitalism is practised today, is to customers
> and investors, and when both of them are increasingly global, then it is
> hard to argue for any sort of special consideration for American workers
> or communities in the boardroom.
>
> Tech firms are more able than any other type of company to move business
> abroad, because most of their wealth is not in “fixed assets” but in
> data, human capital, patents and software, which are not tied to
> physical locations (such as factories or retail stores) but can move
> anywhere. And as we have already learned, while those things do
> represent wealth, they do not create broad-based demand growth in the
> economy like the investments of a previous era.
>
> “If Apple acquires a licence to a technology for a phone it manufactures
> in China, it does not create employment in the US, beyond the creator of
> the licensed technology if they are in the US,” says Daniel Alpert, a
> financier and a professor at Cornell University studying the effects of
> this shift in investment. “Apps, Netflix and Amazon movies don’t create
> jobs the way a new plant would.” Or, as my Financial Times colleague
> Martin Wolf has put it, “[Apple] is now an investment fund attached to
> an innovation machine and so a black hole for aggregate demand. The idea
> that a lower corporate tax rate would raise investment in such
> businesses is ludicrous.” In short, cash-rich corporations – especially
> tech firms – have become the financial engineers of our day.
>
> There are the ways in which big tech is driving the mega-trends in
> global markets, as we have just explored. Then, there are the ways tech
> companies are playing in those markets that grant them an unfair
> advantage over consumers. For example, Google, Facebook and,
> increasingly, Amazon now own the digital advertising market, and can set
> whatever terms they like for customers. The opacity of their algorithms
> coupled with their dominance of their respective markets makes it
> impossible for customers to have an even playing field. This can lead to
> exploitative pricing and/or behaviours that put our privacy at risk.
> Consider also the way Uber uses “surge pricing” to set rates based on
> customers’ willingness to pay. Or the “shadow profiles” that Facebook
> compiles on users. Or the way in which Google and Mastercard teamed up
> to track whether online ads led to physical store sales, without letting
> Mastercard holders know they were being tracked.
> An Amazon warehouse in Illinois.
> An Amazon warehouse in Illinois. Photograph: Tannen Maury/EPA
>
> Or the way Amazon secured an unusual procurement deal with local
> governments in the US. It was, as of 2018, allowed to purchase all the
> office and classroom supplies for 1,500 public agencies, including local
> governments and schools, around the country, without guaranteeing them
> fixed prices for the goods. The purchasing would be done through
> “dynamic pricing” – essentially another form of surge pricing, whereby
> the prices reflect whatever the market will withstand – with the final
> charges depending on bids put forward by suppliers on Amazon’s platform.
> It was a stunning corporate jiu-jitsu, given that the whole point of a
> bulk-purchasing contract is to guarantee the public sector competitive
> prices by bundling together demand. For all the hype about Amazon’s
> discounts, a study conducted by the nonprofit Institute for Local
> Self-Reliance concluded that one California school district would have
> paid 10-12% more if it had bought from Amazon. And cities that wanted to
> keep on using existing suppliers that did not do business on the retail
> giant’s platform would be forced to move that business (and those
> suppliers) to Amazon because of the way that deal was structured.
>
> It is hard to ignore the parallels in Amazon’s behaviour to the lending
> practices of some financial groups before the 2008 crash. They, too,
> used dynamic pricing, in the form of variable rate sub-prime mortgage
> loans, and they, too, exploited huge information asymmetries in their
> sale of mortgage-backed securities and complex debt deals to unwary
> investors, not only to individuals, but also to cities such as Detroit.
> Amazon, for its part, has vastly more market data than the suppliers and
> public sector purchasers it plans to link.
>
> As in any transaction, the party that knows the most can make the
> smartest deal. The bottom line is that both big-platform tech players
> and large financial institutions sit in the centre of an hourglass of
> information and commerce, taking a cut of whatever passes through. They
> are the house, and the house always wins.
>
> As with the banks, systemic regulation may well be the only way to
> prevent big tech companies from unfairly capitalising on those advantages.
>
> There are questions of whether Amazon or Facebook could leverage their
> existing positions in e-commerce or social media to unfair advantage in
> finance, using what they already know about our shopping and buying
> patterns to push us into buying the products they want us to in ways
> that are either a) anticompetitive, or b) predatory. There are also
> questions about whether they might cut and run at the first sign of
> market trouble, destabilising the credit markets in the process.
>
> “Big-tech lending does not involve human intervention of a long-term
> relationship with the client,” said Agustín Carstens, the general
> manager of the Bank for International Settlements. “These loans are
> strictly transactional, typically short-term credit lines that can be
> automatically cut if a firm’s condition deteriorates. This means that,
> in a downturn, there could be a large drop in credit to [small and
> middle-sized companies] and large social costs.” If you think that
> sounds a lot like the situation that we were in back in 2008, you would
> be right.
> Why Silicon Valley can’t fix itself
> Read more
>
> Treating the industry like any other would undoubtedly require a
> significant shift in the big-tech business model, one with potential
> profit and share price implications. The extraordinary valuations of the
> big tech firms are due in part to the market’s expectations that they
> will remain lightly regulated, lightly taxed monopoly powers. But that
> is not guaranteed to be the case in the future. Antitrust and monopoly
> issues are fast gaining attention in Washington, where the titans of big
> tech may soon have a reckoning.
> _______________________________________________
> nexa mailing list
> nexa(a)server-nexa.polito.it
> https://server-nexa.polito.it/cgi-bin/mailman/listinfo/nexa
>
--
--
Andrea Glorioso
Twitter: @andreaglorioso
Facebook: https://www.facebook.com/andrea.glorioso
LinkedIn: http://www.linkedin.com/profile/view?id=1749288&trk=tab_pro
Nov. 10, 2019
Apostolato digitale
by Pier Giorgio Chiara
https://www.vaticannews.va/it/chiesa/news/2019-11/giovani-anziani-alleati-t…
"Una risposta ai mutati stili di vita, condizionati dall’uso di Internet,
che stanno interessando in modo sempre più pervasivo tutte le generazioni.
Parte a Torino il nuovo Servizio di apostolato digitale, che suscita attese
tra i fedeli e curiosità tra gli addetti ai lavori della rete. Coordinatore
del Progetto è don Luca Peyron, direttore della Pastorale universitaria
dell’arcidiocesi di Torino, docente di Teologia dell’innovazione
all’Università Cattolica del Sacro Cuore a Milano e alla Statale di Torino".
Nov. 8, 2019
How big tech is dragging us towards the next financial crash | Business | The Guardian
by Alberto Cammozzo
<https://www.theguardian.com/business/2019/nov/08/how-big-tech-is-dragging-u…>
‘In every major economic downturn in US history, the ‘villains’ have
been the ‘heroes’ during the preceding boom,” said the late, great
management guru Peter Drucker. I cannot help but wonder if that might be
the case over the next few years, as the United States (and possibly the
world) heads toward its next big slowdown. Downturns historically come
about once every decade, and it has been more than that since the 2008
financial crisis. Back then, banks were the “too-big-to-fail”
institutions responsible for our falling stock portfolios, home prices
and salaries. Technology companies, by contrast, have led the market
upswing over the past decade. But this time around, it is the big tech
firms that could play the spoiler role.
You wouldn’t think it could be so when you look at the biggest and
richest tech firms today. Take Apple. Warren Buffett says he wished he
owned even more Apple stock. (His Berkshire Hathaway has a 5% stake in
the company.) Goldman Sachs is launching a new credit card with the tech
titan, which became the world’s first $1tn market-cap company in 2018.
But hidden within these bullish headlines are a number of disturbing
economic trends, of which Apple is already an exemplar. Study this one
company and you begin to understand how big tech companies – the new
too-big-to-fail institutions – could indeed sow the seeds of the next
crisis.
No matter what the Silicon Valley giants might argue, ultimately, size
is a problem, just as it was for the banks. This is not because bigger
is inherently bad, but because the complexity of these organisations
makes them so difficult to police. Like the big banks, big tech uses its
lobbying muscle to try to avoid regulation. And like the banks, it tries
to sell us on the idea that it deserves to play by different rules.
Consider the financial engineering done by such firms. Like most of the
largest and most profitable multinational companies, Apple has loads of
cash – around $210bn at last count – as well as plenty of debt (close to
$110bn). That is because – like nearly every other large, rich company –
it has parked most of its spare cash in offshore bond portfolios over
the past 10 years. This is part of a Kafkaesque financial shell game
that has played out since the 2008 financial crisis. Back then, interest
rates were lowered and central bankers flooded the economy with easy
money to try to engineer a recovery. But the main beneficiaries were
large companies, which issued lots of cheap debt, and used it to buy
back their own shares and pay out dividends, which bolstered corporate
share prices and investors, but not the real economy. The Trump
corporate tax cuts added fuel to this fire. Apple, for example, was
responsible for about a quarter of the $407bn in buy-backs announced in
the six months or so after Trump’s tax law was passed in December 2017 –
the biggest corporate tax cut in US history.
Because of this, the wealth divide has been increased, which many
economists believe is not only the biggest factor in
slower-than-historic trend growth, but is also driving the political
populism that threatens the market system itself.
That phenomenon has been put on steroids by yet another trend epitomised
by Apple: the rise of intangibles such as intellectual property and
brands (both of which the company has in spades) relative to tangible
goods as a share of the global economy. As Jonathan Haskel and Stian
Westlake show in their book Capitalism Without Capital, this shift
became noticeable around 2000, but really took off after the
introduction of the iPhone in 2007. The digital economy has a tendency
to create superstars, since software and internet services are so
scalable and enjoy network effects (in essence, they allow a handful of
companies to grow quickly and eat everyone else’s lunch). But according
to Haskel and Westlake, it also seems to reduce investment across the
economy as a whole. This is not only because banks are reluctant to lend
to businesses whose intangible assets may simply disappear if they go
belly-up, but also because of the winner-takes-all effect that a handful
of companies, including Apple (and Amazon and Google), enjoy.
Apple CEO Tim Cook and President Donald Trump at the White House in
March 6, 2019
Apple CEO Tim Cook and President Donald Trump at the White House in
March. Photograph: UPI/Barcroft Images
This is likely a key reason for the dearth of startups, declining job
creation, falling demand and other disturbing trends in our bifurcated
economy. Concentration of power of the sort that Apple and Amazon enjoy
is a key reason for record levels of mergers and acquisitions. In
telecoms and media especially, many companies have taken on significant
amounts of debt in order to bulk up and compete in this new environment
of streaming video and digital media.
Some of that debt is now looking shaky, which underscores that the next
big crisis probably won’t emanate from banks, but from the corporate
sector. Rapid growth in debt levels is historically the best predictor
of a crisis. And for the past several years, the corporate bond market
has been on a tear, with companies in advanced economies issuing a
record amount of debt; the market grew 70% over the past decade, to
reach $10.17tn in 2018. Even mediocre companies have benefited from easy
money.
But as the interest rate environment changes, perhaps more quickly than
was anticipated, many could be vulnerable. The Bank for International
Settlements – the international body that monitors the global financial
system – has warned that the long period of low rates has cooked up a
larger than usual number of “zombie” companies, which will not have
enough profits to make their debt payments if interest rates rise. When
rates eventually do rise, warns the BIS, losses and ripple effects may
be more severe than usual.
Of course, if and when the next crisis is upon us, the deflationary
power of technology (meaning the way in which it drives down prices),
exemplified by companies like Apple, could make it more difficult to
manage. That is the final trend worth considering. Technology firms
drive down the prices of lots of things, and tech-related deflation is a
big part of what has kept interest rates so low for so long; it has not
only constrained prices, but wages, too. The fact that interest rates
are so low, in part thanks to that tech-driven deflation, means that
central bankers will have much less room to navigate through any
upcoming crisis. Apple and the other purveyors of intangibles have
benefited more than other companies from this environment of low rates,
cheap debt, and high stock prices over the past 10 years. But their
power has also sowed the seeds of what could be the next big swing in
the markets.
A few years ago, I had a fascinating conversation with an economist at
the US Treasury’s Office of Financial Research, a small but important
body that was created following the 2008 financial crisis to study
market trouble, and which has since seen its funding slashed by Trump. I
was trawling for information about financial risk and where it might be
held, and the economist told me to look at the debt offerings and
corporate bond purchases being made by the largest, richest corporations
in the world, such as Apple or Google, whose market value now dwarfed
that of the biggest banks and investment firms.
In a low interest rate environment, with billions of dollars in yearly
earnings, these high-grade firms were issuing their own cheap debt and
using it to buy up the higher-yielding corporate debt of other firms. In
the search for both higher returns and for something to do with all
their money, they were, in a way, acting like banks, taking large anchor
positions in new corporate debt offerings and essentially underwriting
them the way that JP Morgan or Goldman Sachs might. But, it is worth
noting, since such companies are not regulated like banks, it is
difficult to track exactly what they are buying, how much they are
buying and what the market implications might be. There simply is not a
paper trail the way there is in finance. Still, the idea that cash-rich
tech companies might be the new systemically important institutions was
compelling.
I began digging for more on the topic, and about two years later, in
2018, I came across a stunning Credit Suisse report that both confirmed
and quantified the idea. The economist who wrote it, Zoltan Pozsar,
forensically analysed the $1tn in corporate savings parked in offshore
accounts, mostly by big tech firms. The largest and most
intellectual-property-rich 10% of companies – Apple, Microsoft, Cisco,
Oracle and Alphabet (Google’s parent company) among them – controlled
80% of this hoard.
According to Pozsar’s calculations, most of that money was held not in
cash but in bonds – half of it in corporate bonds. The much-lauded
overseas “cash” pile held by the richest American companies, a treasure
that Republicans under Trump had cited as the key reason they passed
their ill-advised tax “reform” plan, was actually a giant bond
portfolio. And it was owned not by banks or mutual funds, which
typically have such large financial holdings, but by the world’s biggest
technology firms. In addition to being the most profitable and least
regulated industry on the planet, the Silicon Valley giants had also
become systemically crucial within the marketplace, holding assets that
– if sold or downgraded – could topple the markets themselves. Hiding in
plain sight was an amazing new discovery: big tech, not big banks, was
the new too-big-to-fail industry.
As I began to think about the comparison, I found more and more
parallels. Some of them were attitudinal. It was fascinating, for
example, to see how much the technology industry’s response to the 2016
election crisis mirrored the banking industry’s behaviour in the wake of
the financial crisis of 2008. Just as Wall Street had obfuscated as much
as possible about what it was doing before and after the crisis, every
bit of useful information about election meddling had to be clawed away
from the titans of big tech.
First, they insisted that they had done nothing wrong, and that anyone
who thought they had simply did not understand the technology industry.
It was under extreme pressure from both press and regulators that
Facebook’s Mark Zuckerberg finally turned over 3,000 Russia-linked
adverts to Congress. Google and others were only marginally less
evasive. Similar to Wall Street financiers at the time of the US
sub-prime crisis, the tech titans have remained, years after the 2016
election, in a largely reactive posture, parting with as few details as
possible, attempting to keep the asymmetric information advantages of
their business model that, as in the banking industry, help generate
outsized profit margins. It is a “deny and deflect” attitude similar to
what we saw from financiers in 2008, and has resulted in deservedly
terrible PR.
But there are more substantive similarities as well. At a meta level, I
see four major likenesses in big finance and big tech: corporate
mythology, opacity, complexity and size. In terms of mythology, Wall
Street before 2008 sold the idea that what was good for the financial
sector was good for the economy. Until quite recently, big tech tried to
convince us of the same. But there are two sides to the story, and
neither industry is quick to acknowledge or take responsibility for the
downsides of “innovation”.
A raft of research shows us that trust in liberal democracy, government,
media and nongovernmental organisations declines as social media usage
rises. In Myanmar, Facebook has been leveraged to support genocide. In
China, Apple and Google have bowed to government demands for censorship.
In the US, of course, personal data is being collected, monetised and
weaponised in ways that we are only just beginning to understand, and
monopolies are squashing job creation and innovation. At this point, it
is harder and harder to argue that the benefits of platform technology
vastly outweigh the costs.
Big tech and big banks are also similar in the opacity and complexity of
their operations. The algorithmic use of data is like the complex
securitisation done by the world’s too-big-to-fail banks in the
sub-prime era. Both are understood largely by industry experts who can
use information asymmetry to hide risks and the nefarious things that
companies profit from, such as dubious political ads.
Yet that complexity can backfire. Just as many big-bank risk managers
had no idea what was going in to and coming out of the black box before
2008, big tech executives themselves can be thrown off balance by the
ways in which their technology can be misused. Consider, for example,
the New York Times investigation in 2018 that revealed that Facebook had
allowed a number of other big tech companies, including Apple, Amazon
and Microsoft, to tap sensitive user data even as it was promising to
protect privacy.
Facebook’s Mark Zuckerberg at a US House Financial Services Committee
hearing in Washington DC last month.
Facebook’s Mark Zuckerberg at a US House Financial Services Committee
hearing in Washington DC last month. Photograph: Michael Reynolds/EPA
Facebook entered into the data-sharing deals – which are a win-win for
the big tech firms in general, to the extent that they increase traffic
between the various platforms and bring more and more users to them –
between 2010 and 2017 to grow its social network as fast as possible.
But neither Facebook nor the other companies involved could keep track
of all the implications of the arrangements for user privacy. Apple
claimed to not even know it was in such a deal with Facebook, a rather
stunning admission given the way in which Apple has marketed itself as a
protector of user privacy. At Facebook, “some engineers and executives …
considered the privacy reviews an impediment to quick innovation and
growth”, read a telling line in the Times piece. And grow it has:
Facebook took in more than $40bn in revenue in 2017, more than double
the $17.9bn it reported for 2015.
Facebook’s prioritisation of growth over governance is egregious but not
unique. The tendency to look myopically at share price as the one and
only indicator of value is something fostered by Wall Street, but by no
means limited to it. The obliviousness of the tech executives who cut
these deals reminds me of bank executives who had no understanding of
the risks built into their balance sheets until markets started to blow
up during the 2008 financial crisis.
Companies tend to prioritise what can be quantified, such as earnings
per share and the ratio of the stock price to earnings, and ignore
(until it is too late) the harder-to-measure business risks.
It is no accident that most of the wealth in our world is being held by
a smaller and smaller number of rich individuals and corporations who
use financial wizardry such as tax offshoring and buy-backs to ensure
that they keep it out of the hands of national governments. It is what
we have been taught to think of as normal, thanks to the ideological
triumph of the Chicago School of economic thought, which has, for the
past five decades or so, preached, among other things, that the only
purpose of corporations should be to maximise profits.
The notion of “shareholder value” is shorthand for this idea. The
maximisation of shareholder value is part of the larger process of
“financialisation”. It is a process that has risen, in tandem with the
Chicago School of thinking, since the 1980s, and has created a situation
in which markets have become not a conduit for supporting the real
economy, as Adam Smith would have said they should be, but rather, the
tail that wags the dog.
“Consumer welfare,” rather than citizen welfare, is our primary concern.
We assume that rising share prices signify something good for the
economy as a whole, as opposed to merely increasing wealth for those who
own them. In this process, we have moved from being a market economy to
being what Harvard law professor Michael Sandel would call a “market
society”, obsessed with profit maximisation in every aspect of our
lives. Our access to the basics – healthcare, education, justice – is
determined by wealth. Our experiences of ourselves and those around us
are thought of in transactional terms, something that is reflected in
the language of the day (we “maximise” time and “monetise” relationships).
Now, with the rise of the surveillance capitalism practised by big tech,
we ourselves are maximised for profit. Remember that our personal data
is, for these companies and the others that harvest it, the main
business input. As Larry Page himself once said when asked “What is
Google?”: “If we did have a category, it would be personal information …
the places you’ve seen. Communications … Sensors are really cheap …
Storage is cheap. Cameras are cheap. People will generate enormous
amounts of data … Everything you’ve ever heard or seen or experienced
will become searchable. Your whole life will be searchable.”
Think about that. You are the raw material used to make the product that
sells you to advertisers.
Financial markets have facilitated the shift toward this invasive,
short-term, selfish capitalism, which has run in tandem with both
globalisation and technological advancement, creating a loop in which we
are constantly competing with greater numbers of people, in shorter
amounts of time, for more and more consumer goods that may be cheaper
thanks in part to the deflationary effects of both outsourcing and
tech-based disruption, but that cannot compensate for our stagnant
incomes and stressed-out lives.
But you could argue that, in a deeper way, Silicon Valley – not the old
Valley that was full of garage startups and true innovators, but the
financially driven Silicon Valley of today – represents the apex of the
shift toward financialisation. Today the large tech companies are run by
a generation of business leaders who came of age and started their firms
at a time when government was viewed as the enemy, and profit
maximisation was universally seen as the best way to advance the
economy, and indeed society. Regulation or limits on corporate behaviour
have been viewed as tyrannical or even authoritarian. “Self-regulation”
has become the norm. “Consumers” have replaced citizens. All of it is
reflected in the Valley’s “move fast and break things” mentality, which
the tech titans view as a fait accompli. As Eric Schmidt and Jared Cohen
wrote in an afterword to the paperback edition of their book: “Bemoaning
the inevitable increase in the size and reach of the technology sector
distracts us from the real question … Many of the changes that we
discuss are inevitable. They’re coming.”
Perhaps. But the idea that this should preclude any discussion of the
effects of the technology sector on the public at large is simply
arrogant. There is a huge cost to this line of thinking. Consider the
$1tn in wealth that has been parked offshore by the US’s largest, most
IP-rich firms. A trillion is no small sum: that is an 18th of the US’s
annual GDP, much of which was garnered from products and services made
possible by core government-funded research and innovators. Yet US
citizens have not got their fair share of that investment because of tax
offshoring. It is worth noting that while the US corporate tax rate was
recently lowered from 35% to 21%, most big companies have for years paid
only about 20% of their income, thanks to various loopholes. The tech
industry pays even less – roughly 11-15% – for this same reason: data
and IP can be offshored while a factory or grocery store cannot. This
points to yet another neoliberal myth – the idea that if we simply cut
US tax rates, then these “American” companies will bring all their money
home and invest it in job-creating goods and services in the US. But the
nation’s biggest and richest companies have been at the forefront of
globalisation since the 1980s. Despite small decreases in overseas
revenues for the past couple of years, nearly half of all sales from S&P
500 companies come from abroad.
How, then, can such companies be perceived as being “totally committed”
to the US, or, indeed, to any particular country? Their commitment, at
least the way American capitalism is practised today, is to customers
and investors, and when both of them are increasingly global, then it is
hard to argue for any sort of special consideration for American workers
or communities in the boardroom.
Tech firms are more able than any other type of company to move business
abroad, because most of their wealth is not in “fixed assets” but in
data, human capital, patents and software, which are not tied to
physical locations (such as factories or retail stores) but can move
anywhere. And as we have already learned, while those things do
represent wealth, they do not create broad-based demand growth in the
economy like the investments of a previous era.
“If Apple acquires a licence to a technology for a phone it manufactures
in China, it does not create employment in the US, beyond the creator of
the licensed technology if they are in the US,” says Daniel Alpert, a
financier and a professor at Cornell University studying the effects of
this shift in investment. “Apps, Netflix and Amazon movies don’t create
jobs the way a new plant would.” Or, as my Financial Times colleague
Martin Wolf has put it, “[Apple] is now an investment fund attached to
an innovation machine and so a black hole for aggregate demand. The idea
that a lower corporate tax rate would raise investment in such
businesses is ludicrous.” In short, cash-rich corporations – especially
tech firms – have become the financial engineers of our day.
There are the ways in which big tech is driving the mega-trends in
global markets, as we have just explored. Then, there are the ways tech
companies are playing in those markets that grant them an unfair
advantage over consumers. For example, Google, Facebook and,
increasingly, Amazon now own the digital advertising market, and can set
whatever terms they like for customers. The opacity of their algorithms
coupled with their dominance of their respective markets makes it
impossible for customers to have an even playing field. This can lead to
exploitative pricing and/or behaviours that put our privacy at risk.
Consider also the way Uber uses “surge pricing” to set rates based on
customers’ willingness to pay. Or the “shadow profiles” that Facebook
compiles on users. Or the way in which Google and Mastercard teamed up
to track whether online ads led to physical store sales, without letting
Mastercard holders know they were being tracked.
An Amazon warehouse in Illinois.
An Amazon warehouse in Illinois. Photograph: Tannen Maury/EPA
Or the way Amazon secured an unusual procurement deal with local
governments in the US. It was, as of 2018, allowed to purchase all the
office and classroom supplies for 1,500 public agencies, including local
governments and schools, around the country, without guaranteeing them
fixed prices for the goods. The purchasing would be done through
“dynamic pricing” – essentially another form of surge pricing, whereby
the prices reflect whatever the market will withstand – with the final
charges depending on bids put forward by suppliers on Amazon’s platform.
It was a stunning corporate jiu-jitsu, given that the whole point of a
bulk-purchasing contract is to guarantee the public sector competitive
prices by bundling together demand. For all the hype about Amazon’s
discounts, a study conducted by the nonprofit Institute for Local
Self-Reliance concluded that one California school district would have
paid 10-12% more if it had bought from Amazon. And cities that wanted to
keep on using existing suppliers that did not do business on the retail
giant’s platform would be forced to move that business (and those
suppliers) to Amazon because of the way that deal was structured.
It is hard to ignore the parallels in Amazon’s behaviour to the lending
practices of some financial groups before the 2008 crash. They, too,
used dynamic pricing, in the form of variable rate sub-prime mortgage
loans, and they, too, exploited huge information asymmetries in their
sale of mortgage-backed securities and complex debt deals to unwary
investors, not only to individuals, but also to cities such as Detroit.
Amazon, for its part, has vastly more market data than the suppliers and
public sector purchasers it plans to link.
As in any transaction, the party that knows the most can make the
smartest deal. The bottom line is that both big-platform tech players
and large financial institutions sit in the centre of an hourglass of
information and commerce, taking a cut of whatever passes through. They
are the house, and the house always wins.
As with the banks, systemic regulation may well be the only way to
prevent big tech companies from unfairly capitalising on those advantages.
There are questions of whether Amazon or Facebook could leverage their
existing positions in e-commerce or social media to unfair advantage in
finance, using what they already know about our shopping and buying
patterns to push us into buying the products they want us to in ways
that are either a) anticompetitive, or b) predatory. There are also
questions about whether they might cut and run at the first sign of
market trouble, destabilising the credit markets in the process.
“Big-tech lending does not involve human intervention of a long-term
relationship with the client,” said Agustín Carstens, the general
manager of the Bank for International Settlements. “These loans are
strictly transactional, typically short-term credit lines that can be
automatically cut if a firm’s condition deteriorates. This means that,
in a downturn, there could be a large drop in credit to [small and
middle-sized companies] and large social costs.” If you think that
sounds a lot like the situation that we were in back in 2008, you would
be right.
Why Silicon Valley can’t fix itself
Read more
Treating the industry like any other would undoubtedly require a
significant shift in the big-tech business model, one with potential
profit and share price implications. The extraordinary valuations of the
big tech firms are due in part to the market’s expectations that they
will remain lightly regulated, lightly taxed monopoly powers. But that
is not guaranteed to be the case in the future. Antitrust and monopoly
issues are fast gaining attention in Washington, where the titans of big
tech may soon have a reckoning.
Nov. 8, 2019
Re: [nexa] Dall’habeas corpus all’habeas data
by Giovanni Biscuolo
Buon giorno,
dopo aver letto molti interventi interessanti grazie ai forward di un
amico iscritto qui, anche grazie a questo messaggio ho deciso di
iscrivermi così posso seguire meglio la discussione... e dare il mio
contributo da tecnico informatico "praticone" di filosofia e diritto
> Mi permetto di segnalarvi questo prezioso contributo di Carlo Blengino,
> pubblicato sul secondo numero della rivista Luoghi Comuni, edita da
> Castelvecchi, che riprende e attualizza una definizione che fu utilizzata
> per la prima volta da Stefano Rodotà.
> Giulio
>
> https://www.centroriformastato.it/dallhabeas-corpus-allhabeas-data-1/
bellissimo, grazie della segnalazione: questo articolo merita un posto
nella Wayback Machine :-)
non sapevo che l'habeas data avesse un proprio articolo su wikipedia:
https://en.wikipedia.org/wiki/Habeas_data, anche se dalla lettura
dell'articolo di Blengino è evidente che la tutela del corpo digitale
non può essere perseguita *privatamente* ma deve esserlo
_collettivamente_: ognuno di noi deve essere tutelato
costituzionalmente, non attraverso ingiunzioni personali verso ciascun
collettore massivo di dati
per dirla con Blengino «la forza di un diritto alla protezione del dato
personale come tutela del corpo digitale risiede non tanto e non solo
nella tutela del dato riservato e privato ma soprattutto nella tutela
della sfera pubblica»
il mio invito allora è di "salire di livello" nella rivendicazione dei
diritti digitali della persona e parlare direttamente di "habeas corpus
digitalis", perché "limitare" la tutela della persona ai dati è
insufficiente nello scenario tecnologico che abbiamo di fronte (che deve
essere alterato)
«L’idea che al corpo fisico si affianchi un corpo digitale degno di pari
tutela e che i diritti fondamentali della persona debbano oggi
estendersi [...]»
per tutelare efficacemente la persona nella propria sfera digitale
occorre che a ciascuna persona siano riconosciute le quattro libertà
fondamentali elaborate per il Software Libero, declinate nelle quattro
dimensioni dell'universo digitale
in questo elenco cerco di spiegare, in modo probabilmente un po' naïf,
quali sono a mio giudizio queste quattro dimensioni e quali libertà
dovrebbero essere garantite alle persone in ciascuna dimensione:
1. Macchina: il computer (dal server all'assistente vocale, passando per
lo smartphone) deve rispondere alla mia persona e a me soltanto, ne
consegue che il progetto del computer deve essere liberamente
disponibile affinché sia possibile utilizzare, studiare o modificare la
Macchina affinché non incorpori software - anche in forma di circuiti
TTL - che non sia sotto il diretto controllo della persona; per fare un
esempio, il Minix 3 nel "Ring -3" sulle CPU Intel è una grave violazione
dei diritti digitali della persona
2. Software: Software Libero, riproducibile e "bootstrappabile"[1] sin
dal primo byte che la Macchina esegue; il software proprietario pone la
Macchina sotto il controllo di terzi, gli attacchi Trusting Trust
mettono la Macchina sotto il controllo di terzi anche quando il software
in formato sorgente è conosciuto *e* eventualmente modificato
3. Rete: la Rete deve essere libera, ciascuna persona deve avere la
libertà di accedere alle informazioni in modo sicuro, studiare ogni
aspetto di funzionamento della Rete, distribuire informazioni in Rete e
implementare nuove applicazioni di Rete (modifica) [2]; l'anonimità in
Rete deve essere garantita "by design"
4. Elaborazione: al fine di garantire il diritto di pertecipazione alla
vita sociale e politica di ciascuna persona, deve essere garantito il
diritto di elaborazione (e rielaborazione) dei dati di rilevanza
pubblica per poterne ricavare nuove informazioni oppure confermare o
confurare informazioni già acquisite; in altre parole garantire la
disponibilità di Open Data (possibilmente Linked) che ciascuna persona
possa (ri)elaborare in modo autonomo ed indipendete grazie all'utilizzo
di Macchina e Software di cui si può fidare, intervenendo nel dibattito
pubblico attraverso la pubblicazione in Rete delle informazioni che ne
ricava
scusate se vi sono suonato un po' troppo tecnico con alcuni riferimenti,
se necessario sono a disposizione per elaborare o fornire link a
articoli di dettaglio
il succo del mio discorso è che ad oggi le tecnologie digitali (quelle
che si sono imposte) sono state sviluppate al fine di sottrarre la sfera
digitale dal controllo personale e alimentare una economia di
sorveglianza globale; al contrario sviluppare tecnologie digitali
rispettose delle libertà costituzionali delle persone è possibile, "by
degign"!
...ci vorrebe "solo" una spintina a livello politico [3]: la tecnologia
non è neutra, ci vogliono incentivi per modificarne il corso dello
sviluppo
«Be aware that this initiative, as a side effect of reconstructing the
constitutionality of the Internet, resolves aspects of net neutrality,
data protection and data retention all as an inevitable and logical side
effect.» (youbroketheinternet.org)
ogni contributo alle mie elucubrazioni è altamente gradito :-)
cordiali saluti. Giovanni
[1] https://bootstrappable.org/
[2] The Internet is Broken: Idealistic Ideas for Building a GNU Network
https://web.archive.org/web/20141027134433/https://www.w3.org/2014/strint/p…
[3] Proposal for LEGISLATION https://youbroketheinternet.org/#legislation
P.S.: le idee che esprimo sopra _non_ sono farina del mio sacco, ma sono
una mia personale rielaborazione :-)
--
Giovanni Biscuolo
Xelera IT Infrastructures
Nov. 8, 2019
Osservatorio Nazionale Sicurezza Cibernetica Italiana
by Fabio Pietrosanti (naif) - lists
Ciao a tutti,
vorrei condividere l'idea per sviluppare un Osservatorio Nazionale sulla
Sicurezza Cibernetica Italiana, come call for community per chi volesse
partecipare e semplicemente esserne informato.
Il documento di specifica di progetto è qui ed è possibile fare commenti
liberamente:
https://docs.google.com/document/d/1QpkIPPYuAn3LzIkQpVlzo76nx-Z0bbvT7Q75iyy…
E' stata creata una chat Telegram del progetto, per libera adesione e
partecipazione:
https://t.me/joinchat/DdiC3klD0NMItWpnMoIqfQ
L'obiettivo attuale è quello di muovere i primi passi in un ottica
collaborativa e comunitaria, sia raccogliendo altri feedback che
prototipi di elaborazione dati, specifiche e contenuti.
-naif
Nov. 8, 2019
L'informatica nasce a Torino nel 1840: Charles Babbage
by Nexa Media
In occasione del Festival della Tecnologia,
Sabato 9 Novembre 2019, ore 15:00, presso l'Accademia delle Scienze di
Torino,
si parlerà di uno dei momenti storici più rilevanti nella storia
dell'informatica: la realizzazione del primo calcolatore programmabile.
Ospite dell'incontro: Angelo Raffaele Meo.
Maggiori informazioni alla seguente pagina
<https://www.festivaltecnologia.it/sessioni/linformatica-nasce-torino-nel-18…>.
Nov. 8, 2019
Re: [nexa] Dall’habeas corpus all’habeas data
by cristina
Errata corrige: sarà un sintomo..
Inviato da smartphone Samsung Galaxy.
-------- Messaggio originale --------Da: cristina <cristina(a)cossuavv.191.it> Data: 07/11/19 21:41 (GMT+01:00) A: Norberto Patrignani <norberto.patrignani(a)polito.it>, nexa(a)server-nexa.polito.it Oggetto: Re: [nexa] Dall’habeas corpus all’habeas data
Grazie infinite..Per me un momento importante.Ho organizzato incontri sul tema e sono un po' in pensiero..Mi permetto di allegare la locandina (volutamente di ampio respiro).Sarà un sintomatico della consapevolezza della categoria...Formazione..una passione incontrollabile.Grazie..C.
Inviato da smartphone Samsung Galaxy.
-------- Messaggio originale --------Da: Norberto Patrignani <norberto.patrignani(a)polito.it> Data: 07/11/19 17:47 (GMT+01:00) A: nexa(a)server-nexa.polito.it Oggetto: Re: [nexa] Dall’habeas corpus all’habeas data
Grazie!
L'habeas data di Rodota' e' un principio importantissimo lo
ricordavo l'anno scorso in questo articolo
https://www.agendadigitale.eu/cultura-digitale/letica-al-tempo-del-big-data…
Norberto
Il 07/11/2019 17:24, de petra giulio ha
scritto:
Mi permetto di segnalarvi questo prezioso
contributo di Carlo Blengino, pubblicato sul secondo numero
della rivista Luoghi Comuni, edita da Castelvecchi, che riprende
e attualizza una definizione che fu utilizzata per la prima
volta da Stefano Rodotà.
Giulio
https://www.centroriformastato.it/dallhabeas-corpus-allhabeas-data-1/
_______________________________________________
nexa mailing list
nexa(a)server-nexa.polito.it
https://server-nexa.polito.it/cgi-bin/mailman/listinfo/nexa
Nov. 7, 2019
Re: [nexa] Dall’habeas corpus all’habeas data
by cristina
Grazie infinite..Per me un momento importante.Ho organizzato incontri sul tema e sono un po' in pensiero..Mi permetto di allegare la locandina (volutamente di ampio respiro).Sarà un sintomatico della consapevolezza della categoria...Formazione..una passione incontrollabile.Grazie..C.
Inviato da smartphone Samsung Galaxy.
-------- Messaggio originale --------Da: Norberto Patrignani <norberto.patrignani(a)polito.it> Data: 07/11/19 17:47 (GMT+01:00) A: nexa(a)server-nexa.polito.it Oggetto: Re: [nexa] Dall’habeas corpus all’habeas data
Grazie!
L'habeas data di Rodota' e' un principio importantissimo lo
ricordavo l'anno scorso in questo articolo
https://www.agendadigitale.eu/cultura-digitale/letica-al-tempo-del-big-data…
Norberto
Il 07/11/2019 17:24, de petra giulio ha
scritto:
Mi permetto di segnalarvi questo prezioso
contributo di Carlo Blengino, pubblicato sul secondo numero
della rivista Luoghi Comuni, edita da Castelvecchi, che riprende
e attualizza una definizione che fu utilizzata per la prima
volta da Stefano Rodotà.
Giulio
https://www.centroriformastato.it/dallhabeas-corpus-allhabeas-data-1/
_______________________________________________
nexa mailing list
nexa(a)server-nexa.polito.it
https://server-nexa.polito.it/cgi-bin/mailman/listinfo/nexa
Nov. 7, 2019
Former Twitter employees charged with spying for Saudi Arabia | Technology | The Guardian
by Alberto Cammozzo
<https://www.theguardian.com/technology/2019/nov/06/twitter-spy-saudi-arabia…>
Two former Twitter employees have been charged with spying after they reportedly obtained personal account information for critics of the government of Saudi Arabia.
A complaint unsealed on Wednesday in US district court in San Francisco detailed a coordinated effort by Saudi officials to recruit employees at the social media giant to look up the private data of thousands of Twitter accounts.
One of the former Twitter employees, Ahmad Abouammo, was arrested on Tuesday on charges of spying and falsifying an invoice to obstruct an FBI investigation. He is a US citizen. The other former employee, a Saudi citizen named Ali Alzabarah, was accused of accessing the personal information of more than 6,000 Twitter accounts in 2015 on behalf of Saudi Arabia.
Alzabarah accessed accounts of a number of prominent government critics including that of Omar Abdulaziz, a prominent journalist with more than 1 million followers who was close to late Washington Post columnist Jamal Khashoggi. Khashoggi, a US resident, was killed by the Saudi government last year.
The US justice department also alleged that the employees – whose jobs did not require access to Twitter users’ private information – were rewarded with a designer watch and tens of thousands of dollars funneled into secret bank accounts.
Alzabarah allegedly admitted to his supervisors that he accessed user data and said he did it out of curiosity. He was placed on administrative leave, his work-owned laptop was seized, and he was escorted out of the office.
The next day, he flew to Saudi Arabia with his wife and daughter and has not returned to the United States, investigators said. A warrant for his arrest was issued as part of the complaint.
[...]
Nov. 7, 2019