Volta

Growing Inequality and Risks to Social Rights in Our New Data Economy

Since the 1970s our world has changed in irreversible ways; the combination and interdependence of the internet, the neoliberal agenda, and globalization has resulted in a new economy based on data that is owned by global conglomerates. Data (often called “big data”) generated by individuals as they use their social media apps, internet searches, fitness devices, GPS direction services, banking facilities, online purchases, emails, and messages are stored and owned by the companies that own each of those services. These companies on-sell, share, or use the data worldwide for commercial and other purposes, about which individual users of these services have no knowledge. Individuals sign away their rights to ownership of the data when they download the apps or software …

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