Summary of Data is the New Oil

00:00:00 - 00:10:00

The video discusses how data is the new oil and how it affects the economy. It explains that data is mined from the farms by John Deere, and is then sold to speculators who use it to make predictions about the future prices of agricultural products. The video discusses concerns about data mining and its potential uses, including for marketing and social control. Williamson points to another worry, that data mining enables governments to track citizens' behavior and determine their limitations.

• 00:00:00 The video discusses the concept of data being the new oil, and how it affects the economy. It explains that data is mined from the farms by John Deere, and is then sold to speculators who use it to make predictions about the future prices of agricultural products.
• 00:05:00 The video discusses concerns about data mining and its potential uses, including for marketing and social control. Williamson points to another worry, that data mining enables governments to track citizens' behavior and determine their limitations.
• 00:10:00 The video discusses how data is becoming increasingly valuable and essential to governing and controlling societies. It argues that a social credit system, which would track and assess a person's online and social behavior, is already being implemented in China and could be implemented in the West soon. The video suggests that data privacy is an important issue that needs to be addressed.