Do digital markets and algorithmic governance pose intractable problems for existing forms of regulation and policing? (eBook, PDF)
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Essay from the year 2017 in the subject Sociology - Culture, Technology, Nations, grade: 1,0, University of Edinburgh (Social and Political Science), course: Digital Markets & Society, language: English, abstract: Are we truly in control in the digital age, or are we being subtly guided by unseen forces? This incisive exploration delves into the profound impact of algorithmic governance and digital markets on the very fabric of our society, revealing how these technologies are reshaping social structures and power dynamics in ways we may not fully grasp. The rise of algorithms, driven by big d...
Essay from the year 2017 in the subject Sociology - Culture, Technology, Nations, grade: 1,0, University of Edinburgh (Social and Political Science), course: Digital Markets & Society, language: English, abstract: Are we truly in control in the digital age, or are we being subtly guided by unseen forces? This incisive exploration delves into the profound impact of algorithmic governance and digital markets on the very fabric of our society, revealing how these technologies are reshaping social structures and power dynamics in ways we may not fully grasp. The rise of algorithms, driven by big data and fueled by the pervasive influence of new media, presents unprecedented challenges to traditional regulatory and policing frameworks. Discover how the inherent secrecy, opacity, and inscrutability of these systems, exemplified by algorithms like Google's PageRank, create intractable problems for authorities seeking to ensure fairness, accountability, and transparency. Drawing upon Foucault's concept of "Governmentality," this analysis unveils the subtle mechanisms by which algorithms govern human behavior, influencing what we see, what we discuss, and ultimately, how we perceive the world. Uncover the intricate relationship between humans and algorithms, where we shape them, and they, in turn, shape us, leading to a new social order defined by this constant interaction. Explore the limitations of existing regulatory mechanisms in addressing the complex issues raised by digital markets, and grapple with the implications of governments' increasing reliance on private companies for data and algorithmic insights. This book is a crucial read for anyone seeking to understand the hidden forces shaping our digital lives and the urgent need for new approaches to regulation and oversight in the age of algorithmic governance. This investigation reveals not only the potential benefits of digital innovation but also the inherent risks to individual autonomy, social justice, and democratic values. Gain critical insights into the challenges of maintaining control and ensuring a fair and equitable society in an increasingly algorithm-driven world, revealing how the shift to quarternary media impacts the lines between sender and receiver, and the complex interplay between humans and technology.
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