Personal information has become a gateway drug for business

We treat commerce as some sort of separate entity today, but it is quite simply one element of the integrated society we have built. Money is nothing more than a promise, a contract between people. It only works if we all have trust in the system. Money was created as a way of allowing people to trade goods and services in a consistent way.

Money only works if we all accept it as having value, if we lose trust in money they we all need to start carrying around purses with precious metals and shiny objects, that we could use to negotiate for goods and services.

Decades ago we moved away from using coins and notes to using numbers, but initially we had to have a copy of the numbers on our person to share with those we were trading (credit cards, checks etc).

Now all we have to do is give someone our numbers and they can suck money from our bank accounts or credit cards for us to pay later, or implement more complex contracts such as loans or major purchases. Your employer pays you the same way, numbered accounts in numbers locations is all that is needed to move money around.

Numbers are easy. You go into a restaurant and they suck money out of your credit card account. You take a taxi and the same happens. It’s very easy to move money around.

But what happens when the system breaks? What happens when a criminal gets hold of your numbers. They go to CVS and swipe a copy of your credit card, who checks? What happens when the disillusioned minimum wage worker at a fast food restaurant scans your card when they take your order and sells your information. And what happens when the bank doesn’t have enough security around your personal and private numbers, and they are stolen? What happens when one of the largest consumer credit reporting agencies, which has been collecting vast amounts of your personal and private data, loses it?

Quite simply we rely on a small series of numbers as our personal identity. These numbers are published in public documents, as well as being collected by many different organizations. And we have almost no control over how they are published, stored or used.

Theft of these numbers, our identities can take place across political boundaries, meaning it’s next to impossible to bring criminals down.

When someone collects and stores our personal information, they are taking on a responsibility to each person whose information they collect. If by their actions or inactions, that information reaches a criminal who steals from us, they have an absolute responsibility for the loss.

If a person dies because a car manufacturer installed brakes incorrectly, they are responsible. If a drug company creates a treatment with an adverse effect that wasn’t fully understood, they are responsible. And if you suffer a loss because a bank, a financial institution or a vendor failed to protect their copy of your personal data they should be directly responsible for the loss, and for repairing any damage it causes.

The law must reflect the importance we all place on personal data. Today it does not. There are some “soft” laws that describe how data must be protected, but when a business fails to implement these rules effectively the legal response is almost imperceptible. Let people know you screwed up, and maybe offer them a service to monitor their finances for a period of time, and then it’s business as usual.

Most of the world uses a Chip and pin credit card system. Where you have to both have a physical credit card and know a secret pin number to complete an in-store transaction. And nearly every county in the world mandates that that transaction must be entirely performed by the purchaser. In the US, this is not the case, we have a chip in our credit cards, but no pin number. And virtually every restaurant in the US uses a system where the waiter takes your credit card off of you and takes it to a machine out of your sight. These weaknesses lead to thefts that the rest of the world have already solved.

The US also relies on a social security number as the sole piece of personal data needed to prove your identity. Nowhere else in the world is this considered an acceptable practice.

Why is the US so weak in identify protection? Because the banks and vendors are not held responsible for loss, it’s normally left up to the consumer. If the bank makes a loss, they hike up their rates to cover it, the consumer pays.

We need a solid legal framework to protect the whole system, and that probably means much more infrastructure than a piece of paper issued to every citizen and legal immigrant when they are kids or first get the right to work, with a single nine digit number on it.

It’s time for the law to catch up with the requirement. And this means strict regulations and draconian penalties for non-compliance.

Today we have the technology to encrypt data, capture and use biometrics, spot fraudulent access using advanced artificial intelligence, communicate directly to everyone, anywhere, anytime and validate any number of ways.

But do we have the collective will to change a system that’s working quite well for banks, who have become addicted to social security numbers, credit scores, and acceptable losses without penalty?

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Legalize everything

All addiction is bad.

Why are some drugs legal and some illegal? It seems to me that the worst aspects of illegal drugs are not the poor decisions that weak-minded users make to consume them, but the effects of making them illegal.

Can you imagine what would happen if all drugs were legal but controlled?

Can you imagine how the world would change if Pfizer were to go to the poppy farmers of Afghanistan and agree to purchase their crops legally?

What would happen if those farmers all of a sudden became legal, responsible members of society, and their children could go to university?

What would happen if companies could legally transport crops from those farmers to warehouses, which could legally distribute them to legal manufacturers? Who in turn would need to meet quality controls and could sell their products openly around the world.

Imagine that selling and consuming drugs would be legal? Would any more people take drugs?

Caffine

Taking a drug like Ethanol (Alcohol), Caffine or Nicotine is already legal. And since there are legal controls on quality and access and moderation, they are kept out of the hands of children and strict limits of consumption in conjunction with machinery are mandated. Many people still suffer from over consumption, but they are not criminals just by the fact they consume. Of course addiction can lead to crimes to feed the addiction, and it’s the act of stealing, driving under the influence or making any other poor decisions that is illegal, not the consumption itself.

nicotine

Today there are no controls on the quality of Tetrahydrocannabinol (THC), benzoylmethylecgonine (cocaine) or Lysergic acid diethylamide (LSD). And the means of production, distribution and consumption are all illegal. This has not limited access, but has fostered a subculture of gangs, guns and crime that actually grows stronger as enforcement and punishment get higher.

Imagine if all drugs were legal but controlled just like Alcohol or Tabaco? That effort could be legitimately taken to create safer drugs?

And think if the tax income.

Imagine if todays drug lords became the CEO’s of legitimate companies, who could be brought back into society. My guess is that many of the current purveyors of drugs would quickly be replaced by a new class of business leader.

Let drug addicts be able to sue drug companies for creating an addictive drug, and quickly (just like alcohol and Tabaco) those companies would look at ways of reducing addiction while maintaining their products “desirable” qualities.

I’m not a taker of “illegal” drugs, and it’s not because they are illegal, it’s simply because I know that I don’t want to ruin by mind. If I wanted drugs today, I know I can get them in any city in the world. Supply actually outstrips demand.

I like that children cannot get alcohol or cigarettes, and I want the same controls placed on all drugs. That can only happen when a sensible legal framework is employed.

Any day I walk around Manhattan I smell the distinctive aroma of marijuana smoke. It’s as pervasive everywhere in the world, and clearly any concept of a war of drugs can be seen as over and lost.

It’s time for a new approach, one that brings the whole drugs ecosystem into a legal framework, and allows the millions (if not billions) of people all over this planet who are part of this drug world to be part of society.

There is no simple answer, but removing violence and any motivation to make people even more addicted or unwell has to be the right direction.

How much of the worlds resources are today consumed in trying to stop the drug trade? Wars only get won when people start to talk. It’s time to think differently.

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