Breaking Up Tech Is a Gift to China – The Wall Street Journal
Few issues unite both sides of the political divide more than anger at U.S. tech companies, whether for censorship of conservative viewpoints or for failing to counter misinformation online. In response to these concerns, legislation introduced in Congress would weaken the U.S. tech industry, ostensibly in the name of breaking up monopolies. Unfortunately, the various bills would hurt the U.S. and strengthen the hand of our greatest geopolitical rival, the Peoples Republic of China.
As of 2018, nine of the top 20 global technology firms by valuation were based in China. President Xi Jinping has stated his intention to spend $1.4 trillion by 2025 to surpass the U.S. in key technology areas, and the Chinese government aggressively subsidizes national champion firms. Beginning with the Made in China 2025 initiative, Beijing has made clear that it wont stop until it dominates technologies such as quantum computing, artificial intelligence, autonomous systems and more. Last month the National Counterintelligence and Security Center warned that these are technologies where the stakes are potentially greatest for U.S. economic and national security.
Original post:
Breaking Up Tech Is a Gift to China - The Wall Street Journal
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