….and in their Pocketbooks
December 17, 2013
It’s not only judges, presidents and congress members who are slamming the NSA.
Image: NSA (Wikimedia Commons).
It’s not only foreign leaders – or Internet standards institutions – who are distancing themselves from the U.S. due to mass surveillance.
The NSA and it’s partners are also getting hit where it hurts … in their ability to hire and keep personnel, and in the pocketbook:
Applications to work at the NSA are down by more than one third, and retention rates have also declined. This is a serious problem for an agency that, until now, has thrived because of an esprit de corps within the organization. Traditionally, when analysts joined the NSA, they joined for life. This is changing, and not for the better from the NSA’s perspective.
- *Mathematicians are calling for a boycott of the NSA (the NSA is the largest employer of mathematicians on the planet)
- *An IBM shareholder group – the Louisiana Sheriffs’ Pension & Relief Fund – has sued IBM for cooperating with the NSA … since that cooperation has destroyed IBM’s sales to China (as we noted in July, the failure of tech companies to disclose their participation in mass surveillance violates fair disclosure requirements … that is, the requirement to disclose “materially adverse information” which could hurt a company’s value)
- *ATT and Verizon shareholders are exerting tremendous pressure to disclose the amount of information they’re sharing with the NSA
Militarization of the economy harms virtually all of the civilian sectors … just ask a Nobel economist.
An out-of-control NSA and spying complex is close to dealing a mortal blow to the America economy.
Can economic forces rein it in before it drags the civilian economy into another depression?
This article was posted: Tuesday, December 17, 2013 at 6:19 am
Tags: domestic news
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