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"We now have all of the world's information at our fingertips," Schmidt said in a keynote address at the Mobile World Congress in Barcelona. "I'm not sure it will prevent war, but it will produce a lot of talking before war starts."
Schmidt thinks all of that information sharing will serve as the sunlight that disinfects the world's tyranny and corruption.
For instance, Schmidt envisioned a scenario where you would enter the task "buy pants" into your smartphone. Based on your shopping history, Google (GOOG, Fortune 500) knows you like deals. It also knows where you are, since your smartphone has GPS. Your phone instructs you to go to a store near you that happens to have a great deal on pants, and Google tells the store to hold the pants at the counter for you.
Oh, and you just tap your smartphone onto a reader at the store to pay, since Google has all of your credit card information.
The CEO mentioned the phrase "with your permission" five times during the presentation. He also said Google is "very careful about privacy" and that "not everyone will choose to do this."
But he followed that thought with this one: "For those who do, the more your phone knows about you, the better."