“Almost all of the major Internet industry giants are based in the United States. The tradition of strong entrepreneurship practiced in the US since their inception, mixed with their purchasing power and history of acquiring any sufficiently profitable venture or fascinating technology from abroad, has put the US into a prime position to be the global leader in provision of Internet services. That may just have ended. While US dominance over the roughly $11 trillion/year global Internet services market is still unchallenged, the damage that the revelations made about NSA’s vast global surveillance scheme may stymie their growth and perhaps even turn them into a localized recession.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Top 9 real reasons to go to war in Syria
There is no terrorist threat: The feds want you to think there is
What Turbulent Times Mean for Gold
Global War on Terror (GWOT) Was a Hopeless Blunder from the Get-Go
Two-Track Corporate Justice Is Not the American Way
Peter Schiff on Politics, Precious Metals and President Obama's Second Term
Silver at $28.50: What I Will Do Now
The Prisons we call "Airports"
The HSBC Debacle - A Double Whammy Of Political Risk And Hypocrisy
Peter Schiff: The Golden Cycle
Brazil's Central Bank Staff Goes On Strike Over Inflation
Is This Why Obama is So Desperate for a Nice Little War?
Gold: Dead Cat Or Raging Bull?
Michael Scheuer: Bin Laden predicted Obama’s war on the 4th Amendment
Hawks Take Flight: Why the Fed's Hypocritical Dialectic Continues