Tuesday , November 5 2024
Home / Mike Norman Economics / Dustin Volz — Trump signs into law U.S. government ban on Kaspersky Lab software

Dustin Volz — Trump signs into law U.S. government ban on Kaspersky Lab software

Summary:
This sets a precedence for banning products for national security reasons. It potentially has devastating implications for US tech companies that include backdoors for US intelligence agencies. This probably won't happen immediately but it is bound to happen over time as foreign nations, especially Russia and China, develop domestic capabilities. Being shut out of Russia would not be devastating perhaps, but being shut out of China would. Foreign countries that the US designates as adversarial are already taking steps to isolate themselves from the US control international financial system that includes dollar hegemony, to counter the Western military alliances led by the US, and to guard against internal subversion aimed at regime change by controlling communications. China and

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes RT — CIA wrote code ‘to impersonate’ Russia’s Kaspersky Lab anti-virus company, WikiLeaks says

Mike Norman writes Kim Zetter — NSA Worker’s Software Piracy May Have Exposed Him To Russian Spies

Mike Norman writes Dan Goodin — Worker who snuck NSA malware home had his PC backdoored, Kaspersky says

Mike Norman writes Dan Goodin — Russia reportedly stole NSA secrets with help of Kaspersky—what we know now


This sets a precedence for banning products for national security reasons. It potentially has devastating implications for US tech companies that include backdoors for US intelligence agencies. This probably won't happen immediately but it is bound to happen over time as foreign nations, especially Russia and China, develop domestic capabilities. Being shut out of Russia would not be devastating perhaps, but being shut out of China would.

Foreign countries that the US designates as adversarial are already taking steps to isolate themselves from the US control international financial system that includes dollar hegemony, to counter the Western military alliances led by the US, and to guard against internal subversion aimed at regime change by controlling communications. China and Russia are in the lead on this under the rubric of multipolarism. They view unipolarism as the attempt of the US as in imperial power to impose its will on the rest of the world using hybrid warfare that included economic warfare.

Reuters
Trump signs into law U.S. government ban on Kaspersky Lab software
Dustin Volz



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *