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More Evidence the NSA is Harming American's Economy

anagama (611277) writes | about 8 months ago

2

anagama (611277) writes ""Cisco has seen a huge drop-off in demand for its hardware in emerging markets, which the company blames on fears about the NSA using American hardware to spy on the rest of the world. ... Cisco saw orders in Brazil drop 25% and Russia drop 30%. ... Analysts had expected Cisco’s business in emerging markets to increase 6%, but instead it dropped 12%, sending shares of Cisco plunging 10% in after-hours trading."

This is in addition to the harm caused to remote services that may cost $35 billion over the next three years. Then of course there are the ways the NSA has made ID theft easier. ID theft cost Americans $1.52 billion in 2011, to say nothing of the time wasted in solving ID theft issues — some of that figure is certainly attributable to holes the NSA helped build.

The NSA, its policies, and the politicians who support the same are directly responsible for massive losses of money and jobs which might cause one to wonder, why do these people hate America and Americans so much?"

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2 comments

Not correct! Spy scandal only partial reason (1)

wumbler (3428467) | about 8 months ago | (#45426422)

The linked article is incorrect: Chambers specifically said that while there was some lost business due to the spy scandal this was
not the main reason [reuters.com] . Instead, the real issue is strong competition - especially in China - from manufacturers such as Huawei: Trusted in the Chinese market and much cheaper than Cisco gear. The competition is capable and much cheaper, so Cisco needs to rely on selling into established accounts at "Cisco shops". Winning new, green-field accounts will be much more difficult for Cisco.

Not saying that Cisco - like most US technology companies - won't feel an effect of the ongoing spying issues. As a foreign corporation, I wouldn't buy US gear or trust US network providers either. However, the reporting should be correct at least.

good question (1)

JustNiz (692889) | about 8 months ago | (#45426528)

>> why do these people hate America and Americans so much?"

Because these people are crazy for power at literally any cost, and power corrupts, and absolute power corrupts absolutely.

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