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A comment on New Twist in International Relations: Corporate Keep-My-Data-Out-of-U.S. Clause.

Re:New Twist in International Relations: Corporate Keep-My-D... by adventured on Friday December 27, 2013 @01:54AM (#6969691)
US companies would be lucky if all this did is reduce their international sales. That's just the tip of the iceberg.

By far the worst damage is all that lost capital is going to flow into helping to generate a vast supply of new and bigger competition overseas. So not only will the US companies lose sales in the immediate future, they'll face amplified competition that will hit sales even more so long term. Even if the US Government has cleaned up this mess by the end of the decade, it won't matter, the financial consequences will just keep rolling.

When it's all tallied up, I think the NSA and US Government abuses will cost the economy trillions of dollars in value over the course of a few decades. Something akin financially to a hundred September 11th attacks in damages. Oh the staggering brilliance of the DC machine.

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Re:New Twist in International Relations: Corporate Keep-My-D... by salient on Friday December 27, 2013 @03:11AM (#6969880)
I agree. I don't know how that number was reached, but if the potential for losses is $180 billion already, then the long term losses might reach $1 trillion, maybe more. There are so many companies that change so slowly. They probably won't give up on the US products and services within 6 months. It might take them 2 years, 3 years, or even 5 years. So there are probably many more foreign customers thinking about dumping US companies, but they just can't do it yet. But that doesn't mean they will get their future contracts if nothing (radically) changes until then.
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Re:New Twist in International Relations: Corporate Keep-My-D... by 001sky on Friday December 27, 2013 @02:13AM (#6969738)
Something akin financially to a hundred September 11th attacks in damages

not to mention the waste of resources that spurnrd this on...

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Re:New Twist in International Relations: Corporate Keep-My-D... by Systemic33 on Friday December 27, 2013 @02:33AM (#6969780)
Ye, the NSA information trawling takes some serious amount of money to work, and they don't exactly employ just a hand full of analysts, more like a an army of them.
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