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Why It Matters

The New Tech World Order

Why It Matters

Council on Foreign Relations

News

4.2876 Ratings

🗓️ 13 November 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

For most of our history, the realm of international relations was dominated by nation-states. They waged wars and signed treaties through the framework of governance. But today, more so than ever before, tech titans are acting as unilateral decision-makers, upsetting the balance and structure of global power around the world.   Featured Guests: Rana Foroohar (Global Business Columnist and Associate Editor, Financial Times; Global Economic Analyst, CNN) Adam Segal (Ira A. Lipman Chair in Emerging Technologies and Director of the Digital and Cyberspace Policy Program, CFR)   For an episode transcript and show notes, visit us at https://www.cfr.org/podcasts/wim/new-tech-world-order

Transcript

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0:00.0

Throughout modern history, governments have worked with and invested in privately owned companies

0:09.9

to spur innovation and advance national agendas, from the production of weapons to the development

0:16.4

of communications technology. These partnerships have proven fruitful,

0:23.7

if in some cases controversial over the years.

0:27.3

There's no better example than Washington's partnership with the U.S. tech sector.

0:30.1

Starting in the 1990s with the help of government funding

0:33.1

and a loose approach to regulation,

0:35.5

technology companies produced innovation after innovation.

0:39.6

This boosted U.S. financial markets to unprecedented heights and allowed the U.S. tech sector

0:46.1

to dominate its competitors in other countries.

0:49.4

In a break with historical moments like the Manhattan Project or the space race, the most advanced tech in the world

0:56.4

began coming out of private American companies rather than government-directed projects.

1:02.9

The arrangement was wildly successful in an era of relative peace and low-level threats to U.S. national

1:08.9

security.

1:10.2

But many say that it is showing some cracks in the new era of increasing competition

1:15.6

between the United States, Russia, and China.

1:18.6

And many experts are growing increasingly concerned.

1:22.6

And that's because the government now relies on trillion-dollar companies, such as SpaceX,

1:29.3

Amazon, and Google, for things like space travel and satellite intelligence.

1:34.3

Companies that could, potentially, put their own preferences above national interest when it comes to foreign policy and security.

1:43.3

I'm Gabrielle Sierra, and this is why it matters.

1:47.4

Today, are private tech companies becoming geopolitical actors?

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