Technologies spawned by the information revolution are transforming every facet of the global economy. Like any other upheaval, the information revolution will produce winners and losers. If Washington does not want its military to be one of the losers, it must do more to assure the health of the domestic technology sector. Many of the tax, trade, immigration and regulatory policies bearing upon the sector’s wellbeing seem to assume that no matter what the government does, America will always be ahead in the technologies that matter. Unfortunately, China is steadily closing the gap with America in advanced technology, and applying said technology to its military modernization efforts. The Lexington Institute has published a white paper exploring what that might mean for U.S. national security, and the outlook is not encouraging. My commentary on the report can be found here at Forbes.com.
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