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    Tuesday, March 18

    “China may have found an unlikely ally in its quest to put American tech down — the U.S.’s own Federal Trade Commission (FTC).”

    As China pushes to supplant the U.S. as the global technology leader, it may have found an unlikely ally in the U.S.’s own Federal Trade Commission (FTC), which has embarked on a multi-continent crusade against American innovation leaders.  – Doug Kelly. Why is Biden helping China beat the U.S? Could it be all of the millions in bribes to him and his family? 

    China’s pursuit of global technological leadership has long been criticized for its lack of innovation, often resorting to intellectual property theft. Surprisingly, the Federal Trade Commission (FTC) under Joe Biden’s administration may inadvertently aid China in achieving its number one status.

    By aiding other nations in hobbling American tech leadership, FTC is jeopardizing America’s ability to remain competitive while handing an advantage to an authoritarian competitor-China, who uses tech for censorship & control.  Brian Cavanaugh

    Brian Cavanaugh, a former advisor to the Trump administration, highlights in his article for The Hill that the FTC, led by Chairwoman Lina Khan, has embarked on a multinational campaign against American tech giants, purportedly in the name of antitrust policy. Of particular concern is the FTC’s announcement in March that it would send agency officials to assist Europe in implementing and enforcing the European Union’s Digital Markets Act (DMA), effectively aligning with Europe against American tech companies.

    The DMA, enacted in 2022 by the EU, aims to curb the dominance of Big Tech and foster opportunities for European tech companies to compete. It designates a class of tech companies as “gatekeepers” and subjects them to additional regulations that do not apply to other tech firms. While the EU’s objective is to provide an advantage to its own companies over their larger American counterparts, the reality is that this approach hampers innovation and fosters dependence on technology from China.

    It’s concerning to see the FTC‘s actions potentially benefiting China in the tech race. We need strong policies that prioritize our national interests and protect our technological advancements. –  arielle.eth

    Cavanaugh points out that the FTC has committed to enforcing a European law that mandates gatekeepers to share specific data with rival tech companies. This requirement significantly impedes gatekeepers’ ability to utilize their proprietary data for other services. Failure to comply with the EU’s regulations can result in substantial fines.

    The costs associated with compliance alone are staggering, estimated to reach up to $50 billion according to a recent study on compliance and operational expenses for tech gatekeepers. As Cavanaugh aptly notes, these costs will inevitably be passed on to consumers, while American tech companies designated as gatekeepers will likely have to develop new services to comply with EU rules or withdraw their offerings from EU digital markets. Such actions would detrimentally affect both US and European consumers.

    Here is where China stands to benefit.

    Unsurprisingly, the majority of gatekeepers affected by the EU’s regulations are American companies. Even Secretary of Commerce Gina Raimondo expressed concerns in 2021 that the DMA would disproportionately impact US-based tech firms and hinder their ability to adequately serve EU customers while upholding security and privacy standards.

    Rather than creating a level playing field for competition, the business environment fostered by the DMA inadvertently empowers Chinese tech firms, which are directly influenced by the Chinese Communist Party. China’s trillion-dollar investments in advanced technology align with their goal of making the world increasingly reliant on their technology for political and economic leverage.

    Allowing Chinese tech companies to displace their American counterparts in the digital market would introduce a host of privacy and security concerns, including the potential for consumer data falling into the hands of the Chinese Communist Party. Moreover, as Cavanaugh points out, while the EU targets American tech companies with the DMA, it continues to integrate state-subsidized, low-cost Chinese technology into its critical infrastructure, compounding national security risks.

    To Sum It All Up: FTC Chairwoman Lina Khan’s support for other nations in “hindering American tech leadership” inadvertently jeopardizes America’s ability to remain competitive. These actions, if not reconsidered, will have significant implications for the United States and its technological edge.

    It is crucial to remember the broader ramifications and potential consequences of these decisions rather than focusing on short-term gains. The need for a comprehensive approach that safeguards innovation, security, and privacy while promoting healthy competition is paramount.

    Major Points:

    • The FTC, under Chairwoman Lina Khan, has aligned with Europe in implementing and enforcing the EU’s Digital Markets Act (DMA) against American tech giants.
    • The DMA designates certain tech companies as “gatekeepers” and imposes additional regulations, hindering their ability to utilize proprietary data and potentially resulting in fines.
    • Compliance costs for gatekeepers could reach up to $50 billion, which will ultimately be passed on to consumers.
    • The DMA disproportionately affects American tech firms, creating an advantage for Chinese tech companies and undermining innovation and competition.
    • Allowing Chinese tech companies to dominate the digital market raises privacy and security concerns, as well as increasing dependency on Chinese technology.

    Comments – threads – Links

    • Elon Musk reaffirmed his vision of a robot-fueled future, calling for more regulatory oversight of artificial intelligence at a high-profile Chinese government-backed conference Thursday – Bloomberg Tech
    • American tech firms are pulling back from a Chinese tech conference due to tensions over emerging technology standards. Beijing’s plans for AI regulations have raised concerns. Hong Kong police arrested four men supporting dissidents. Australia’s… AM1Digest
    • US Tech Giant Hired Apparent Chinese Spy and Gave Him Vast Access to Databases – Now He’s Disappeared – Western Journal

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