Klaus Schwab: “If you have nothing to hide you have no reason to be afraid.”

This clip was edited to stitch together different parts without context.

In the first part, he was discussing the impact of AI and technology on police control, and expressed “concern” regarding it.

On the second part, he was referring to his own phone being bugged.

https://www.youtube.com/watch?v=IJcey1PPiIM&t=407s

Before sharing anything from wallstreetsilver again, make sure you aren't being played.

I feel like it should be governments and companies that should be required to have total transparency, and individuals should be able to maintain total privacy. Seems like it is the opposite these days.

To spell out the obvious, the problem with this is what is considered acceptable in society is always changing, and it's not practical or desirable to expect everyone to submit themselves at all times to the judgement of society.

Beyond that, there is simply an inherent psychological sense of peace that comes from privacy. Violating that creates stress, and is itself an inherent bad, I would argue.

Reminds me this https://papers.ssrn.com/sol3/papers.cfm?abstract_id=998565

Everyone has something to hide.

What bullshit. Or how about he tells us how he gets along with his spouse when they fight, or what he uses for his hemorrhoids. People only use information, even the most benign aspects of someone, against each other. It's only rational to do that in a hypercompetitive, capitalist environment where there's some expectation of scarcity. What he means is that privacy will now be a luxury instead of a human right.

non crap link:

http://farside.link/twitter.com/WallStreetSilv/status/169035...

This again? I've read his book and it was mostly ok (despite the right wing paranoia around him). I really hope this is taken out of context, because if not it's fucking insane.