alt Hacker NewsUnfortunately what you're describing is precisely the opposite of the meaning of 'democratised'. A more accurate term would be commoditised. In this case the capacity to manipulate events becomes as tied to wealth as it is to access to information.
Unfortunately what you're describing is precisely the opposite of the meaning of 'democratised'. A more accurate term would be commoditised. In this case the capacity to manipulate events becomes as tied to wealth as it is to access to information.
Yeah, I really only mean 'democratized' in the sense that there's suddenly a populace of influence. Whether or not that influence is 'fair' in a democratic sense is clearly not the case, but there's a tipping point in how influential it actually is.
If you're an elected lawmaker, and there's a bill on the floor which gives your district $500,000 in hospital funding but there's $10,000,000,000 in volume just on the 'no' side of the bet, how's that going to influence your decision making?