China's 5-Year Cyberwar Met With Western Silence 185
jfruhlinger writes "McAfee yesterday outlined what it calls Operation Shady RAT, a five-year campaign of cyberespionage launched by a national government against international organizations and private corporations. That government was almost certainly China's, so the question becomes: why are the Western nations silent about it? One fact revealed by the raids is that, predictions of cyberpunk novels nonwithstanding, private companies are still quite weak in the face of national governments — and it's those national governments that must act against such intrusions."
Re:Easy: follow the money... (Score:4, Informative)
Same misconception that people had in the 70's and 80's about Japan buying up America. Do some research before your spout off stats feed to you by the media.
US and Individuals own: 42.2%
Social Security Trust Fund: 17.9%
All other foreign nations: 11.6%
China: 7.5%
US Civil Service Retirement Fund: 6.4%
UK: 3.4%
US Military Retirement Fund: 2.1%
Oil Exporters:1.6%
Brazil(?): 1.3%
So, that means 68.6% if our debt is held by ourselves.
http://seekingalpha.com/article/246958-guess-who-owns-the-most-u-s-debt-not-china [seekingalpha.com]
Re:I would think the answer is obvious... (Score:4, Informative)
No, sheesh, the West's combine economic output drawfs China's. They are, without a doubt, large, but they are not the largest economy in the world; they have the third largest, even then they aren't close. By most standards the US or EU GDP is nearly 3 times as high as China's. If China were to move forward and start paying their workers better they would move even further back. They can only sustain their growth as it is now by repressing their population and keeping them isolated. In this age that possibility is quickly eroding.
Quit watching the news and do some real research.
Comment removed (Score:4, Informative)