Zachary Karabell is President of River Twice Research and author of Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends On It.
By forcing much of the world to go online, the COVID-19 crisis has rapidly broadened the global technology debate beyond questions of surveillance and privacy. The digital policies that governments adopt today will increasingly shape how we work, learn, and entertain ourselves – and how we manage future crises.
Many Western economists presume that governments are not very good at identifying industries that merit support, and that domestic consumers and taxpayers incur the bulk of the costs. By the same logic, if Chinese policymakers effectively targeted activities where social benefits exceed private benefits, then it is not clear why foreigners should complain.
