US Tech Giants Battle Europe’s Sovereign States
From Berlin to Madrid, from London to Paris, US technology companies are in a pitched battle with Europe’s sovereign states. It is a clash that pits governments against the new tech titans, established industries against upstart challengers, and freewheeling American business culture against a more regulated European framework. And it poses one of the greatest threats to US technology giants since their emergence from garages and college campuses over the past four decades.
First and foremost, the battle is about economics. It is also a clash about values: Silicon Valley’s default setting of light regulation is colliding with the greater European emphasis on preserving individual privacy. And perhaps most fundamentally, it is about control of the Internet, the world’s common connection and crucial economic engine that is viewed as being under the sway of the US.