• manualoverride@lemmy.world
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    1 day ago

    The difference is when credit cards were introduced their business model was charging customers interest and businesses fees.

    Now the business model is making customer profiles to sell to advertisers, insurance companies and anyone else who is willing to buy the data. I don’t want every business I use to be collecting all this information.

    • Zahille7@lemmy.world
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      1 day ago

      After a certain point, wouldn’t a company have all the relevant information for a set of people? What happens then?

      • manualoverride@lemmy.world
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        16 hours ago

        It’s not “a set of people” anymore it’s you, and there is always more data.

        Buy some doughnuts for the office… your health insurance just went up.

        You buy a new car which has fancy connected features, but now it sells your driving safety score to your car insurance company.

        Buy a vegan ready meal, both vegan food companies and the meat industry compete for your business, you might get a few discounts, but your free will is being influenced.