Hey everybody, this is James Lindsay. You are listening to new discourses, bullets, where

I give a short, bullet point type summary of the topic. You need to understand so that

you can understand what's going on with Vogue Marxism. Today, I want to talk about a phrase

that you have heard probably, and if you haven't, you need to hear it, and kind of explain

how it works. The phrase is, data is the new oil. I know that's a little strange, but

it kind of riffs off of oil as the new gold. So in other words, what does that mean? Oil

as the new gold is easy to understand. Oil is extremely valuable. It's something you

pull out of the ground, like gold is something extremely valuable, that you pull out of

the ground. As a matter of fact, gold is so valuable that they based currency off of

it, then oil is so valuable that they based currency off of it. What we now have is sometimes

called the petro dollar, which is based off of oil, sort of. So data is a new oil, continues

this progression. The problem is that there's not ground that you're pulling the data out

of. I mean, sometimes there are examples, but the idea is that data is something that's

minable. They can be pulled out of the environment, and that it's so valuable that it could actually

be used as the basis of a new currency, or the basis of our old currencies reinvented

or reset to something else. So data is the new oil is a very important concept to understand

in the present environment, and it makes sense of a lot of the things that are happening,

and it needs to be explained. How do you get data, say, out of the ground? Here's a story

that should make you uncomfortable, and it helps you understand. This recently came out.

There was a nice expeze written. I'd have to find it if I can find it. I'll share it

in the notes. It's about John Deere. John Deere tractors. It turns out when you buy

one now, you don't own it. You're leasing it, even though it costs you hundreds of thousands

...