Four years ago, Frank Pasquale, Professor of Law at Brooklyn Law School, catalyzed a debate over algorithmic and corporate power with the publication of his highly acclaimed and highly critical book, The Black Box Society: The Secret Algorithms That Control Money. On the one hand, Pasquale put us on notice by warning of the dire consequences of runaway algorithms. He highlighted their capacity to create havoc everywhere, by doing things like disrupting the stock market and ruining credit scores. On the other hand, because Pasquale is attuned to the dynamics of political economy and corporate maleficence, he also cautioned us against focusing too much on technological constraints and too little on unsavory human tendencies. He found both Wall Street and Silicon Valley guilty of weaponizing opaque algorithmic processes to expand power, conceal hidden agendas, and deflect responsibility. In short, the book’s bleak tone, negative focus, and overall skepticism of course-correcting… ..... Read More.
2 weeks ago