Harari makes a link to the markets in his analysis, for example he says that: The work of processing data should therefore be entrusted to electronic algorithms, whose capacity far exceeds that of the human brain.” However, Dataists believe that humans can no longer cope with the immense flows of data, hence they cannot distil data into information, let alone into knowledge or wisdom. Humans were supposed to distil data into information, information into knowledge, and knowledge into wisdom. “Hitherto, data was seen as only the first step in a long chain of intellectual activity. In this emerging ideology, which he names Dataism, the ultimate goal is to increase the amount of information flow through the algorithm. In the book Homo Deus, Yuval Noah Harari says that we have replaced the idea of God with an algorithm. They control our choices and they learn by analyzing an ever increasing amount of data. We have all heard the stories of the powerful algorithms.
The market economy exhibits most of the traits of the much hyped – and feared – singularity, where an artificial intelligence takes over the show and humans are enslaved.
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