When asked whether he felt the U.S. or China was the bigger hacker, John Mauldin, founder of Mauldin Economic and author of the Thoughts from The Frontline newsletter, said we’ve become our own worst enemy.
“Because (they) the U.S. government, basically get permission to go in, and the Chinese have to poke and prod and work at it,” he says in the attached video. “It makes me uncomfortable that they (the federal government) have access to all of that data,” he adds, predicting that the trend is going to “become more of a problem” in the future.
Interestingly, the issue of cyber-security was a prominent area of negotiation at this past weekend’s talks between the U.S. and China in California, with President Obama saying that it was going to be a “very difficult problem in the economic relationship” between the two countries.
For the record, Mauldin refers to himself as a libertarian and says he doesn’t think the trend will end anytime soon. Instead he suggests, “what we may need to do is limit how the data can be used against a person. We need to set some boundaries up front, if not, we won’t have any privacy.”
