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What are you worth? Today your answer might be based on what you earn, the price of your belongings or how much your family loves you. But in the near future, you may well be valued in a different way altogether – and your online behavior most certainly will be.
“We live in a world where judgment is being replaced by numbers – by scores that calculate the value of a human being, with the help of algorithms,” says Gerd Gigerenzer, director of the Harding Center for Risk Literacy at the Max Planck Institute for Human Development in Berlin. Mr. Gigerenzer also heads a council of experts on consumer affairs that advises the German Ministry of Justice. The panel is currently working on a report on this topic.
Being assessed by algorithms is advancing in China, where an experiment in what is being called a “social credit system” is underway, the professor of psychology and behavioral sciences specialist says. The Chinese system, which uses a combination of mass surveillance and big data to score citizens, is currently voluntary but it will be mandatory by 2020. At that stage, every citizen and company will be ranked whether they like it or not.
https://global.handelsblatt.com/politics/germany-mass-surveillance-social-credit-china-big-data-886786?ref=MTA5NDE2&utm_source=facebook&utm_medium=social&utm_campaign=post
This is insane.