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WealthCycles: Online Privacy Sacrificed in Name of Security

Sunday, April 28, 2013 7:28
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(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

For every technological advance that man makes, there occurs a concurrent, or sometimes subsequent, shift in how humans interact with their world. This was true when fire was discovered, when the automobile was invented and, most recently, when the Internet became ubiquitous in most households.

For some, the Internet is the path to freedom, understanding and knowledge. For others it is feared, suspected and requires intense scrutiny and control.

Of all the issues raised by the advent of the Internet, security and privacy are two of the most divisive. For technology companies like Google and Yahoo, the need to increase and mine ever increasing amounts of personal data on individual users is preeminent. For governments, the fear of subversive activities motivates a desire for increased regulation and oversight. For users the fear of loss of privacy is a constant worry.

The current battle between Google and the European Union (EU) illustrates the tug-of-war between these three parties.

Description: 
Increased government controls over Internet communication mirrors government intervention in free markets, with damaging results.

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