ELI5: Explain Like I'm 5

Data capitalism

Hey there, little one! Have you ever heard of something called "data capitalism"? No? Well, let me explain it to you in a way you can really understand.

You know how there are companies out there that collect information about you? Like, what types of toys you like to play with, or what kind of candy you like to eat? They do this by asking you questions, or by watching what you do on the internet. And do you know why they do this? It's because they can use this information to make money!

That's where "data capitalism" comes in. It's when companies collect lots and lots of information about people - like you and me - and then use that information to make money. They might sell this information to other companies, who are interested in knowing more about people's likes and dislikes so that they can sell more products. Or they might use this information to target ads to people who are more likely to buy them.

The thing is, some people think that this is a problem. They worry that companies are collecting too much information about us, and that they might be using it in ways that we don't like. For example, they might be using our information to manipulate us into buying things we don't really need, or to influence our opinions in certain ways.

So, little one, that's what "data capitalism" is all about. It's when companies collect lots of information about us, and then use that information to make money. Some people think it's good, because it helps companies sell more products. But others worry that it's bad, because it can be used to manipulate us into doing things we might not want to do.
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