Snowden's disclosure, which I understand will include Canada shortly, caught the boys in the band flat footed with substantial economic blowback well beyond the politics of the day. At a time when the American economy needs all the help it can get without internally caused damage.
This likely will fuel the sales of other countries over the US for sometime and systems installed take time to change, so this will be a longer term impact.
If a country like China would insist on their own domestically made chips in phones sold locally you would collapse the sales of American phones instantly, especially since the operating systems of the chip sets and SIM card are open to hack and surveillance. I imagine the same applies for computers.
Investing just caught a new risk.
It is also why chips made in China carry a security risk of their own.
Perhaps the world should consider adopting a higher standard when it comes to "back doors" in operating systems and chip sets, subject to sanction. This would eliminate the problem, while putting snooping back to the old fashioned way. It could start with one country take the lead, and likely causing a market sensation that would be hard to stop.
- Mass Surveillance Is Destroying the American Economy
Washington's blog
16 November 2013
We’ve previously noted that mass surveillance is killing American tech companies.
And Cisco just blamed its earnings slump on China’s disdain for NSA spying.
Security expert Bruce Schneier succinctly summed up the destruction of the American economy by the NSA’s surveillance yesterday:
Buy American doesn’t sell well anymore because it means give a copy to the NSA.
This is part of a bigger picture … the military-industrial complex (of which the NSA is a part) is killing the private sector economy. And see this.
original article found here
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