Sure if they can pull it off, but how can they do this without scaring away all future customers?
US orders diplomats to fight data sovereignty initiatives
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Re: US orders diplomats to fight data sovereignty initiatives
#22Why are US tech stocks not falling yet due to the trend of countries decoupling?
Confidence that in the short term nothing will change. All large-scale change is hard. Change that impacts everyone's workflow will be resisted even if the new thing is better, and in many areas the alternatives are pretty mediocre. Also a combination of political and economic pressure has in the past been successful in making meaningful initiatives fail or roll them back.
In the long term this is an issue. But I'm not sure the US stock market actually cares that much about what the world will look like in 4 or 8 years.
Re: US orders diplomats to fight data sovereignty initiatives
#23That is useful information to pursue data sovereignty even more.
Re: US orders diplomats to fight data sovereignty initiatives
#24Why are US tech stocks not falling yet due to the trend of countries decoupling?
They have been, if you compare them to the performance of the non-US market, and most software companies are declining daily.
Re: US orders diplomats to fight data sovereignty initiatives
#25Earlier quoted context omitted.
I imagine if the current administration does, Europe could retaliate by withholding ASML’s tech or even doing a mass sell off of US treasuries. Europe is admittedly not in a position of strength compared to the US, but there are still a lot of levers they can pull.
The EU could also cut US access to clearing houses (Clearstream / EuroClear) or the SWIFT payment system.
>The EU could also cut US access to clearing houses (Clearstream / EuroClear) or the SWIFT payment system.
Right, so that the USA would cut us from DTCC?
Eu finance sector is MUCH more dependent on access to US markets than the other way around.
Re: US orders diplomats to fight data sovereignty initiatives
#26Re: US orders diplomats to fight data sovereignty initiatives
#27I wonder if he would go so far as to withhold access to US tech to this end.
I imagine if the current administration does, Europe could retaliate by withholding ASML’s tech or even doing a mass sell off of US treasuries. Europe is admittedly not in a position of strength compared to the US, but there are still a lot of levers they can pull.
> In 1997, ASML began studying a shift to using extreme ultraviolet and in 1999 joined a consortium, including Intel and two other U.S. chipmakers, in order to exploit fundamental research conducted by the US Department of Energy. Because the Cooperative Research and Development Agreement (CRADA) it operates under is funded by the US government, licensing must be approved by Congress.
Re: US orders diplomats to fight data sovereignty initiatives
#28This just accelerates the Balkanization of the Internet, which already is segregated by China and Russia. Maybe it was inevitable. Corporations benefit the most from open access and as they have demonstrated with unrestricted AI scraping they obey no morality, ethics, or law they are not compelled to by force.
Re: US orders diplomats to fight data sovereignty initiatives
#29How can you be so confrontational and still want people to give you business and data? I really don't envy the diplomats' job at the moment.
US 'diplomats' are campaigns big donors, or primary supports. I've eaten with someone who expected to be named diplomat in Europe because he supported Obama by 2007, but was one-uped by a richer donor post-primary.
Re: US orders diplomats to fight data sovereignty initiatives
#30I can’t imagine how any country would think the US is trustworthy enough to be the place where everyone stores their data. If companies cannot comply with data sovereignty laws then they shouldn’t exist at all. Personally, even as a US citizen, I’m hoping tech companies in Europe and Asia become independent enough to no longer be beholden to US interests. It’s clear that the era where any one country has global hegem…
I'm a US citizen and I hope more of the world decouples because I think a lot of our issues are due to a lack of competition.