I’m a fan of anything to bring big Tech to heal.
A big fan.
However, while we need to prevent over reach by government or Big Tech, we need to balance it against the Hot Competition we face against a rising China.
While the West suffers a Mao like Cultural Revolution Chocker full of digital Struggle Sessions, we cannot forget that the CCP/PLA of today is the same that liquidated 40+ million in Mao’s Great Leap Forward, many thousands at Tiananmen, and unknown numbers very recently in Hong Kong and with the Uyghar people.
That’s what they do to their own people, a worse fate surely awaits non Han people who inhibit the CCP/PLAs pact with the people of China.
If we kneecap our own Big Tech, while further innovative replacements are likely, we will also likely run into a wall of Metcalfe’s Law(network effect) and Zipf’s Law(distribution).
In short. If you‘re biggest and first, you win....decisively.
China’s Baidu, Alibaba, Tencent, and Huawei(BATH) have a fully integrated strategy akin to Army, Navy, Air Force, Marines combined arms and cross domain operations in concert with government.
In the west, FAANG are fighting each other and government.
In order to win, we need to:
1)Bring Big Tech to heel
2)Trust government, which requires government to be truly worthy of it
3)Develop a geodigital strategy that offers a compelling value proposition for rest of world.
4)While partnering with Big Tech to compete against China, nurture and protect new innovation.
Measures of global power are no longer measured in just carrier battle groups.
The new measures of power are installed user base, daily/monthly active users, mobile transaction value/volume.
If you have the installed user base, active users, and mobile transaction value/volume then you have the power to change the means of exchange used on the platform.
Facebook’s Libra is stillborn, the digital Yuan relentlessly continues.
I absolutely despise Facebook, but they are one of our most powerful weapons to counter China in rest of world.