How Digitalization Is Preparing a Fight for World Market Supremacy

(Photo by Sean Gallup/Getty Images)

Peter Schadt and Hans Zobel in Jacobin:

The United States and China are engaging in a trade war that British think tank Chatham House calls rooted in “a race for global technological dominance.” And for German business daily Handelsblatt, “Europe is getting caught in the crossfire of [this] technology war.” Faced with this threat, the European Commission has reserved large parts of its coronavirus recovery fund to boosting or maintaining Europe’s “digital sovereignty.” Technology, it would seem, is a matter of power politics. But what does “technological dominance” mean in the digital age?

In her State of the European Union address in September, European Commission president Ursula von der Leyen announced that we have ahead of us nothing less than a “digital decade,” and demanded clear-cut goals for a digital Europe by 2030. As she put it, “Europe must now lead the way on digital — or it will have to follow the way of others, who are setting these standards for us. This is why we must move fast.”

The three remaining world powers — the EU, China, and the United States — are today struggling for world market supremacy. The battles will be fought in the field of digital technology. And as von der Leyen indicated, one of their most important weapons will be the bid to impose their own standards on the global market. Let’s have a look at their battle plans.

More here.