Saturday, June 28, 2014

Obama's obsession with NSA spying costing US corporations contracts, profits, and jobs

Are we watching the sunset of the U.S. technology industry ?


Citing Security Concerns Amid U.S. Spying Disclosures, German Government Ends Verizon Contract (The Wall Street Journal)

FOLLOWING REPORTS THAT the U.S. technology giant and National Security Agency partner Verizon was providing Internet services to the German Parliament, the German public exploded in outrage at the possibly of having their government's national security and privacy rights further violated by the U.S. government and by its technology partners. After NSA whistleblower Edward Snowden exposed the corrupt and unconstitutional spying programs of the United States, including by U.S. technology partners such as Verizon, the German government was forced to terminate its technology contract with Verizon.

It's not yet known the size of the financial loss to Verizon, or how many jobs will be lost as a result of the canceled German government technology contract. Many U.S. technology firms are having to privately grapple with the economic and political backlash to the on-going cooperation between U.S. technology firms and the U.S. spy agency.

"Microsoft Corp. General Counsel Brad Smith said last week the business troubles stemming from the Snowden leaks were "getting worse, not better." Cisco Systems Inc. Chief Executive John Chambers has said the disclosures have hurt sales in China. AT&T Inc. executives have said some of their international customers were being urged by overseas competitors to use non-American service providers." -- WSJ

Last winter, Facebook head Mark Zuckerberg called President Barack Obama to complain about the NSA spying programs. Mr. Zuckerberg's leaked his displeasure to the public as a growing movement of activists are exposing Facebook for its corrupt ''like'' advertising programs and for the creepy cyberstalking policies it carries out against its members, in addition to Facebook's role in being a core source for NSA surveillance activities.

Although the obstacles facing Facebook may be unique to its own troubled business premise, the reality is that many U.S. technology giants, including social media companies, are facing real political and economic blowback as a result of questions being raised by each of foreign governments and foreign businesses about the trustworthiness of U.S.-based sources for NSA spying and hacking, such as Verizon and Facebook. Not only are the NSA spying programs unconstitutional and are going to lead to serious costs to the U.S. legal system, as civil rights and civil liberties activists clog the system with their noble efforts to rightly restore basic Constitutional principles to the wayward American spying framework, but now the NSA spying programs are going to have a financial cost to the economy, too.

And all, on President Obama's watch.

No comments:

Post a Comment