Re:US to ban transactions with ByteDance and WeChat in 45 days
by mindslight on Friday August 07, 2020 @12:59PM
(#24084089)
This action is unfortunately part of the normal progression of disruptive innovation. Upstart China has adopted a disruptive strategy of engaging with world markets while using heavy-handed regulation to avoid being controlled by those markets. Incumbent USG is now copying China's strategy, claiming that doing so is necessary to keep the US competitive. However, the US is a world leader through free markets and open collaboration, deferring control to markets even to the detriment of our own citizens. What copying China's strategy will actually do is cannibalize the US's existing economic structure, causing extreme damage to the US.
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