The Power of Market Forces in Data Portability

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If we had the ability to pull our data out of any tech company and go somewhere else, we'd actually have the beginnings of a proper market. There is a model for it already, and it's called finance. If you change your bank account to day, the owners is on the bank to insure that your money goes from one bank to another. But actually, that is why consumer power and competition matters. And i'll say two more things quickly. I think that competition would be more effective in giving consumers power than it would actually be in terms of regulation.

Should capitalism be reformed or replaced? Former Greek Finance Minister and economist Yanis Varoufakis and Gillian Tett US editor at large at the Financial Times discuss and debate their visions for a post-COVID economy live in London. The moderator is Anne McElvoy senior editor at The Economist. For the Intelligence Squared discount on Gillian Tett's book click here: https://www.primrosehillbooks.com/product/anthro-vision-how-anthropology-can-explain-business-and-life-gillian-tett/ For the Intelligence Squared discount on Yanis Varoufakis's book click here: https://www.primrosehillbooks.com/product/another-now-dispatches-from-an-alternative-present-yanis-varoufakis/

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