What does Lanier mean when he claims that “data is the new oil” and that “you’re giving away everything for almost nothing”?

Short Response
After watching the video linked below, respond to the following prompts:

What does Lanier mean when he claims that “data is the new oil” and that “you’re giving away everything for almost nothing”?

Do you agree or disagree with these claims? Why or why not?

What is Lanier’s solution or the way we can “chart a way out of this mess” to a better future?

What does he mean by a “dignified data future”? What is his rationale for why this solution will work better than the current model?

Do you agree or disagree with Lanier’s solution for a better future? Why or why not?

What does Lanier mean when he claims that “data is the new oil” and that “you’re giving away everything for almost nothing”?
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