[Script Info]
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[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:03.06,0:00:06.02,Default,,0000,0000,0000,,TROM Voices
Dialogue: 0,0:00:06.02,0:00:08.02,Default,,0000,0000,0000,,Internet Data,\NThe New Gold
Dialogue: 0,0:00:08.28,0:00:12.52,Default,,0000,0000,0000,,It's data an asset? Can it \Nbe privately owned?
Dialogue: 0,0:00:12.68,0:00:14.98,Default,,0000,0000,0000,,Is it okay for a company like Google
Dialogue: 0,0:00:15.12,0:00:18.22,Default,,0000,0000,0000,,to collect my data while \NI'm using the service,
Dialogue: 0,0:00:18.44,0:00:20.28,Default,,0000,0000,0000,,then claim it as their own,
Dialogue: 0,0:00:20.28,0:00:25.26,Default,,0000,0000,0000,,and then basically derive all sorts of benefits, \Nincluding financial benefits, from that data.
Dialogue: 0,0:00:25.68,0:00:29.12,Default,,0000,0000,0000,,You know, when I used to \Nuse the post office,
Dialogue: 0,0:00:29.38,0:00:32.86,Default,,0000,0000,0000,,I would have never thought that \Nthe post office would ever claim
Dialogue: 0,0:00:33.04,0:00:35.58,Default,,0000,0000,0000,,ownership over the \Ncontents of my letters.
Dialogue: 0,0:00:36.42,0:00:39.12,Default,,0000,0000,0000,,You have to understand what drive \Nthose companies. Those companies
Dialogue: 0,0:00:39.30,0:00:42.22,Default,,0000,0000,0000,,are not really interested \Nin immediate payoffs.
Dialogue: 0,0:00:42.36,0:00:45.90,Default,,0000,0000,0000,,They're only interested in \Nconvincing their investors
Dialogue: 0,0:00:46.10,0:00:48.46,Default,,0000,0000,0000,,that they will keep on \Ngrowing indefinitely.
Dialogue: 0,0:00:48.70,0:00:52.82,Default,,0000,0000,0000,,So as the user growth slows down in\NNorth America and Western Europe
Dialogue: 0,0:00:52.94,0:00:56.00,Default,,0000,0000,0000,,they have to convince the investors \Nand financial markets
Dialogue: 0,0:00:56.00,0:01:00.08,Default,,0000,0000,0000,,that they have the capacity to capture the markets in India, China
Dialogue: 0,0:01:00.20,0:01:02.48,Default,,0000,0000,0000,,Russia or Latin America and so forth.
Dialogue: 0,0:01:02.72,0:01:07.48,Default,,0000,0000,0000,,And the easiest way to convince the investors \Nis by basically striking this deal
Dialogue: 0,0:01:07.60,0:01:12.00,Default,,0000,0000,0000,,with telecom operators (in the case of Facebook \Nand the same also in the case of Google)
Dialogue: 0,0:01:12.22,0:01:17.10,Default,,0000,0000,0000,,to bring in more and more people on board, in the hopes of convincing the investors
Dialogue: 0,0:01:17.36,0:01:22.04,Default,,0000,0000,0000,,that once is people on board they also become \Nusers of Facebook, Google and so forth.
Dialogue: 0,0:01:22.36,0:01:26.82,Default,,0000,0000,0000,,Facebook they consider themselves to be\Nthe biggest community in the world.
Dialogue: 0,0:01:27.20,0:01:32.38,Default,,0000,0000,0000,,The biggest democracy because there are more \Npeople on Facebook than in China or India.
Dialogue: 0,0:01:32.70,0:01:37.04,Default,,0000,0000,0000,,So what Facebook \Ndid recently was... They
Dialogue: 0,0:01:37.54,0:01:42.64,Default,,0000,0000,0000,,offered something that was always \Ncalled "free-basics" in India.
Dialogue: 0,0:01:42.94,0:01:48.56,Default,,0000,0000,0000,,Free basic means that they want to give free \NInternet to the poorest people in the India
Dialogue: 0,0:01:48.86,0:01:51.16,Default,,0000,0000,0000,,at a cost. \NAnd the cost is
Dialogue: 0,0:01:51.22,0:01:55.04,Default,,0000,0000,0000,,that you have only access to what Facebook \Nwants you to have access to.
Dialogue: 0,0:01:55.62,0:01:58.42,Default,,0000,0000,0000,,It's the complete opposite to net neutrality.
Dialogue: 0,0:01:59.56,0:02:03.10,Default,,0000,0000,0000,,And there was a massive \Nsort of protest against this
Dialogue: 0,0:02:03.26,0:02:06.02,Default,,0000,0000,0000,,and so what Facebook did to try to
Dialogue: 0,0:02:06.40,0:02:09.74,Default,,0000,0000,0000,,push it even further was \Nthat they sent a message
Dialogue: 0,0:02:09.88,0:02:15.34,Default,,0000,0000,0000,,to all the Facebook users in India to urge\Nthem to sign a petition for free basics.
Dialogue: 0,0:02:15.56,0:02:20.68,Default,,0000,0000,0000,,They were testing how far they could get away with it. \NAnd they didn't start with a small country, but
Dialogue: 0,0:02:21.14,0:02:23.58,Default,,0000,0000,0000,,the largest populated country in the world.
Dialogue: 0,0:02:23.90,0:02:27.10,Default,,0000,0000,0000,,And, you know, if there had not been
Dialogue: 0,0:02:27.36,0:02:30.60,Default,,0000,0000,0000,,some resistance towards this \Nand awareness building
Dialogue: 0,0:02:30.64,0:02:32.70,Default,,0000,0000,0000,,then they would have \Ngotten away with it.
Dialogue: 0,0:02:39.10,0:02:43.08,Default,,0000,0000,0000,,discover a new world at \Ntromsite.com