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nymag.com: China’s Sweeping Crackdown on Big Tech Is a Wake-Up Call for the U.S.

Read Full Article Here: https://nymag.com/intelligencer/2021/08/chinas-sweeping-crackdown-on-big-tech-is-a-wake-up-call.html

China’s crackdown on big tech, explained.

For decades, Beijing had emulated Silicon Valley’s model of innovation, cultivating tech firms that first mimicked — and then, in some respects, surpassed — Palo Alto’s champions.

Like their American models, however, China’s tech giants also subverted regulations, abused consumer data, and engaged in anti-competitive practices.

Under the Personal Information Protection Law, tech firms must secure users’ consent before collecting their information and allow users to withdraw that consent at will.

But monopolistic tech firms (with unorganized labor forces) still wield outsize power over America’s economy and politics.

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