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Last month, Silicon Valley purported to be shocked by revelations that the NSA had routinely accessed the servers of some tech giants and vowed to step up privacy protections. There is only one problem: that would run counter to the public policy agenda that tech companies have pursued for decades -- and that has made them so successful.
European security officials had finally gained the upper hand over privacy advocates when it came to intelligence sharing with the United States. But after revelations of the NSA's expansive European spying program, the pendulum is about to swing the other way.
Faced with a sovereign debt crisis, Europe, once the champion of mixed economies and generous social safety nets, has begun cutting government spending and eliminating regulations. But this neoliberal shift will only increase the chance of another financial crisis and could spark widespread unrest across the continent.
The euro crisis is not a simple story of Greek sinners and German saints. In fact, imposing austerity on the eurozone's periphery alone will accomplish little. To save the continent, its richer countries and private investors must share in the sacrifice.