Spying Is Destroying the U.S. Economy We’ve thoroughly documented that unnecessary spying by the U.S. government is costing the American tech sector many billions of dollars … and the U.S. economy as a whole hundreds of billions of dollars.
Things just got a lot worse …
ZDNet notes today:
China is no longer using high-profile US technology brands for state purchases, amid ongoing revelations about mass surveillance and hacking by the US government.
A new report confirmed key brands, including Cisco, Apple, Intel, and McAfee — among others — have been dropped from the Chinese government’s list of authorized brands, a Reuters report said Wednesday.
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Some reports have attempted to pin a multi-billion dollar figure on the impact of the leaks.
In reality, the figure could be incalculable.
The report confirms what many US technology companies have been saying for the past year: the activities by the NSA are harming their businesses in crucial growth markets, including China. Mass spying is making a handful of insiders rich … but everyone else is getting poorer.