
…the payment services market with notable weaknesses. Perhaps the most prescient disadvantage is the growing distrust expressed by users regarding Facebook’s handling (or mishandling) of customer data. It is well understood Facebook shares user information in exchange for ad revenue, and as a result, data collected by the tech giant is far from private. The Cambridge Analytica hack in 2018 revealed the magnitude of information Facebook possesses and …
I think Smith was right — the chief part of our happiness is our relationships with the people around us — our families, friends, and acquaintances. Those relationships are essentially ignored in modern economics. There’s no place for Adam Smith’s ideas of loveliness in economic models. In the world of economics…