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Not disagreeing with you. Commenting a bit further: it's interesting that a lot of US politicians extol the virtues of policies that favor US tech giants simpl
by HillaryBriss 10y ago
Not disagreeing with you.
Commenting a bit further: it's interesting that a lot of US politicians extol the virtues of policies that favor US tech giants simply because they are here in the US.
The argument often looks something like "if we don't adopt New Policy X then big US high tech companies will no longer be globally competitive and the US economy will be permanently damaged."
Back in 1999, when they passed Graham-Leach-Bliley (repealing Glass Steagall) and encouraged the expansion of US big banks and the growth of US based financial services companies (think Citigroup) we saw a similar argument.
There's always a background theme that looks like: "The US must retain its global leadership in industry X -- or else."