We Will All Be Victims in the 2020 Tech War
This article is not a political swipe or advocating for one country over another. It’s simply some observations from a Canadian who perceives the US, China and others as going through formidable change.
The world has changed and geopolitics, national economies and the environment have altered the way we trade, work and live.
We are in the midst of a Tech War just as the USA signed a comprehensive trade deal with Canada/US/Mexico then with China. In fact, the first salvos indicating a tech war were fired at Chinese tech giant, Huawei, supposedly over their 5G technology. Huawei is a prime example of global tech tensions. Washington has been pressuring its allies since 2018 to keep the Chinese company’s equipment out of their 5G networks.
The new tech war is a much larger problem than one might suspect. In a trade war, the exchange of goods between two countries is affected. With respect to the US and China that represents just over a trillion dollars a year. In a tech war it stands to disrupt and affect the entire global financial structure, the internet and everything else.
Trump hit a core issue with his slogan ‘Make America Great Again’. US voters were quick to jump on Trump’s slogan because, they felt, they had lost something. Most Western countries became nations of rampant consumers…