Security News > 2021 > February > On Chinese-Owned Technology Platforms

If you understand economic churn and the ten to one model, every direct dollar you take out of the US economy removes ten times the economic activity, but it creates ten dollars of economic activity in the foreign country.

You can argue if it's ten to one less or more but the result is still the same.4, It creates job losses and long term unemployment in the home economy and does the opposit in the foreign economy.

6, The lack of jobs stops the home workforce investing in it's self through education, the opposite happens in the foreign economy.

7, The lack of skilled workers stops most attempts to reverse the trend and research and development stagnates in the home economy whilst it takes of in the foreign economy.

Put simply if another nation controls the production of all those non war devices such as domestic appliances and industrial machinery or in the more modern era computers they also can stop your ability to fight a war simply by crippling your home economy.

"All technology is agnostic to use, and will work as well for good as evil those ideas being human social constructs. The more reliant a society becomes on technology the more easily it can be used against the society."

News URL

https://www.schneier.com/blog/archives/2021/02/on-chinese-owned-technology-platforms.html