Social Macroeconomics - Humanistic digital governance SM-WP-2020-005

On the contrary, the benefits of the digital revolution are as little tied to the current digital governance regimes as the benefits of the industrial revolution were tied to the exploitative practices of many early factory owners. [...] The system has a natural tendency to manipulate consumers and exploit their vulnerabilities, since the interests of the third-party funders of the digital barter are not aligned with the interests of the consumers and since the funders and consumers operate in a system characterized by great asymmetries of market power and information. [...] In these ways, the variety of problems associated with the current digital governance regimes are all symptoms of a fundamental flaw inherent in the third-party-funded digital barter system: the lack of alignment between the interest of the consumers and the interests of the third-party funders working together with the digital service providers. [...] Since the fundamental flaw of the current digital governance regime is the lack of alignment between the interests of the consumers and the interests of the third-party funders and the digital service providers, policies that address the symptoms of this underlying flaw are likely to be ineffective in combatting the inherent injustices and inefficiencies of the current system. [...] The IOT digital service provider, when different from the owner of the material objects, are to manage the IOT data flow in the interests of the data subject and the data 22 Some examination of this law can be found at s_frep_en.pdf 26 subject needs to be given automatic access to the data generated by.