Ever since the events on January 6th, several news outlets have called for the deprogramming of right-wing “extremists” asserting the need to eliminate them from key areas of society where they can do the most damage: the police, legislature, and military. This new “McCarthy” style purging, explained by Kyle Daly at Axios will lean on big tech platforms that are unwavering in their commitment to root out conspiracy theories, and “lies that underline the faith in democracy.” From this point of view, banning President Trump from Twitter was a complete asset in the effort to slow or undo radicalization, and aims to go further and call for an actual “Marshall Plan” of censorship to be implemented through Facebook and Twitter. They believe the U.S. requires an overwhelming and sustained effort to dismantle all ideas that they claim “undermine faith in democracy.” However, this is done without full consideration of the term democracy and the values such as free speech enshrined in the American Constitution. Lately, we have seen the line between conservative/Republican, and conspiracy theorist blurred, all the while when big tech is promoted as the arbiter of truth.
Big Tech and Finance
This worrying trend was buttressed late last week when the International Monetary Fund, (IMF) – the body that oversees the international monetary system and monitors the financial and economic policies of its members cited a working paper suggesting that non-financial data should be used when financial institutions determine customers’ credit-worthiness for loans, mortgages, etc. The IMF keeps track of economic developments on a national, regional, and global basis, regularly consulting with member countries and providing them with macroeconomic and financial policy advice, and this non-financial data they refer to would mean things like “browsing histories and the online shopping behavior of individuals,