Why the World Is Drawing Battle Lines Against American Tech Giants
European governments have been at the forefront of an effort to limit the reach of tech companies, most often through privacy regulations and antitrust investigations. Now the European Commission is considering rules that would require streaming companies like Netflix to carry and even pay for local content in the markets they serve.
The European efforts are just a taste of a coming global freak-out over the power of the American tech industry. Over the next few years, we are bound to see increasing friction between the tiny group of tech companies that rule much of the industry and the governments that rule the lands those companies are trying to invade. What is happening in Europe is playing out in China, India and Brazil and across much of the rest of the globe, as well. The result is fragmentation. Once, not too long ago, many in the tech industry thought that digital technology would bring about the dawn of a new global order.