Eric Schmidt: Chinese Hacking Will Leave US Disadvantaged Economically

Mon, 02/04/2013 - 10:31am

By Liat Clark

ShutterstockGoogle executive chairman Eric Schmidt has predicted that China's relentless culture of hacking and cyber espionage will put the US at a huge disadvantage and lead to a two-tier internet system. The option open to the US in the face of this future? Form closer alliances between the technology industry and the government.

The revelation was made in The New Digital Age: Reshaping the Future of People, Nations and Business, a book penned by Schmidt and collaborator Jared Cohen, director of Google Ideas, which the Wall Street Journal has managed to get a sneak peak at. The warnings are particularly worth noting considering, as WSJ points out, the fact that the last time Schmidt and Cohen got together to put a few ideas down on paper, they predicted the Arab Spring.

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Source: Wired UK


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