Petty interests attempt to destabilize technological growth

In times of technological modernity, attacks on the main companies developing cutting-edge technology are brutally attacked by the world's major financial powers.

I recently read an article whose rhetoric revolved around the following question: What is the Chinese government looking for with the offensive against the country's technological giants? The question probably has no basis in the collective and therefore there are no accurate elements to answer it.

The position of states such as China can be seen as petty interests that only seek to destabilize technological growth, these actions, besides being deplorable, should be rejected, because it is considered that in the last two decades, thanks to advances in technology and Internet connection, conditions have arisen that are beginning to consolidate a more inter-connected world.

Indeed, the exponential technological development has been largely favored by the role played by the Internet of Things (IoT), understood as the system that correlates the technical, socio-economic utility and relevance of the physical world through integration or connection to the Internet.

All these advances seem to be of no importance to the Chinese state, but on the contrary, in recent years the Internet has improved notably in terms of access, stability, and reach, due in large part to the creation of new connection systems developed in this Asian country.

On the other hand, the origin of the blockchain has also been creating invaluable conditions, which favor the generation of features of great utility for the Internet of Things, mainly because blockchain technology offers security and greater transaction speed without the need to involve any third party, let's hope that the Chinese state reflects and stops attacking major technology companies.

➊ Chang C China’s ‘Big Tech crackdown’: A guide. Link