alt Hacker NewsSeems to be an extension of something we are dealing with across multiple parts of many societies. Monetary pursuit has become a guiding principle for alot of people, and its been revealed that such thinking is leading to major societal consequences.
The current Technocratic idealization of efficiency by those in powerful positions is missing the second order consequences of financializing everything, and it appears to me that we are sacrificing societal necessities like trustworthiness and collective responsbility in favor of more efficient markets. If no corrective action is taken, we can expect increasing issues.
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There is a very, very clear and specific problem: "free" advertising supported sites incentivizes farming user engagement. Farming user engagement needs be sharply curtailed because it's proven to be broadly damaging to society and the direct way to do that is to reduce the incentive, advertising revenue. It's as straightforward as that.
> Monetary pursuit has become a guiding principle for alot of people
People need money to survive. The wealthy class have made it such that it's harder and harder to earn enough money the normal way. Often it doesn't even pay enough to survive. This is what creative people come up with in order to make a living. And it's obviously not in the wealthy class' interest to make any changes to that.
Culture is a pendulum, but humans are consistently greedy.
"Journalistic integrity" was a marketing concept designed to sell newspapers at a time when there were hundreds and most were inaccurate. It was extremely profitable to have ethics. (A good reminder that noble minded Benjamin Franklin ran his own periodical that he regularly and intentionally slandered others in.)
Now we have an entrenched media (with their own ethics problems) and there is opportunity to start pumping out garbage again.
As Voltaire said, "History is only the pattern of silken slippers descending the stairs to the thunder of hobnailed boots climbing upward from below." In other words, progress has to be fought for from hard lessons, but once that progress is taken for granted, people let it slip not knowing the value of what they have.
Yes. Greed is king right now.
Michael Sandel's "What Money Can't Buy: The Moral Limits of Markets" covers it quite well.
Markets create unfairness by systematically disadvantaging the poor when money becomes necessary to obtain certain goods or quality of goods. Market values corrupt non-market spheres by changing the meaning and value of goods being exchanged (e.g., paying for grades undermines intrinsic desire to learn). Monetary incentives crowd out altruistic motivations and civic duty (e.g., fines becoming fees people willingly pay rather than norms to uphold). Commodification degrades human dignity (e.g., treating drug-addicted women as "baby-making machines" in sterilization-for-cash programs). Markets increase wealth inequality and create segregation in previously egalitarian spaces (e.g., luxury skyboxes in sports stadiums). Market exchanges under severe inequality or economic necessity become coercive, not truly voluntary. Purchased tokens of friendship and personal expressions (apologies, wedding toasts) lose their authenticity and dilute social bonds. Wealthy individuals and countries can pay their way out of moral obligations (e.g., carbon offsets instead of reducing emissions). Markets have infiltrated areas traditionally governed by ethical considerations - medicine, education, personal relationships - without public debate about whether this is desirable. The economic approach treats everything in an ethical vacuum, ignoring morality in favor of purely analyzing incentives.