People don't necessarily want the same things you may.

No ? I'm glad my financial data won't get in the hands of facebook and google, thank you.

Because they try to restrict access to companies being notoriously known for their malicious use of consumer data? This seems little bit extreme.

>knowing people’s spending and saving behaviour

Uhh. I passionately don't want mega corporations to have this information about me - European or not. My bank has it, but even then I'd rather they didn't!

If companies can trivially identify people bad at saving...that won't end well.

> If companies can trivially identify people bad at saving...that won't end well.

Pray elaborate. How do you see the consequences? I can see many possibilities.

Intensification of the already powerful psychological warfare waged on regular people to separate them from their money and concentrate it in the hands of those with enough wealth to engage in this kind of psychological warfare.

https://doctorow.medium.com/https-pluralistic-net-2024-12-17... > The less money you have in your bank accounts and the more you owe on your credit cards, the lower the wage the app will offer you.

Dyamically-adjusting (higher) pricing to take advantage of your spending problem, for one.

I think the most obvious negative outcome would be advertisers, particularly those running scams, directly targeting those who are bad at saving.

It's kind of like intentionally targeted advertising of alcohol to alcoholics and recovering alcoholics.

Probably not explicitly illegal to do, but an unethical move that props up social harms for no constructive reason.

Why is that a negative outcome? The fisher gets a fish, and the fish gets a delicious worm offered directly to it.

Sales for payday loans, or 40%+ personal loans, etc. Any sort of exploitation that can be aimed that that person.

In general, advertising seeks to manipulate. It is not at all based on trying to link people’s needs and wants to those who provide that.

The only insanity is allowing those corporations to operate freely in Europe. European consumers should detach from US big texh as much as possible.

It’s not. Every transaction has 2 parties. I can decline and still all my information could be known.

No thanks.

The government is not a company. It is our democratically elected representation and by smearing it, you are smearing the people.

You can vote with your feet and move to a place where the government takes less than 50% of GDP..

Sorry but how optionnal is google, really ? Even if you are tech savy enough to use better tools, the rest of the world is still sharing their data with them and so your data too as you interact with it.

Do you by any chance work for US Big Tech?