Media, Information and Technoculture 1020E Lecture Notes - Lecture 10: Artificial Scarcity, Big Data, Invisible Hand

• School: Western University
• Department: Media, Information and Technoculture
• Course: Media, Information and Technoculture 1020E
• Professor: John Reed

Document Summary

Cybernetic politics: big data, surveillance and algorithmic ideologies. Scarcity to have value, by having less or making it artificially less. Agriculture and the extraction of raw materials. Immaterial good, a service, knowledge or communication. Adam smith: innovation out of fear ! Eg: diamonds are not rare pr angle that they are rare, and for marriage. Immaterial capitalism solution to lack of scarcity: To create artificial scarcity vis tach or 2705$ by tracking. Enclosure laws: removed people from the land. Understanding arises from searching massive datasets for meaningful predictable patterns. Improving health care, tackling poverty, global warming, making life better. If only we had more algorithms we could do more. Tracking animals (looking at them like data) Connoting: taking nature and turning it into tech and data. Power of data info of behaviour rather than beliefs. Eg: tracking phones based on location in stores, restaurants. Shows trends, good service, but creepy since tracking through phones.