Senators Michael Bennet and Todd Young discuss global technology competition, including concerns about China, the importance of R&D and export controls, the Global Technology Leadership Act, effective congressional action, investing in the US semiconductor industry, and the need for a strategic approach.
Investment in research and development is crucial for U.S. competitiveness in global technology competition.
Embedding American values in technological advancements is necessary to counteract Beijing's export of surveillance technology.
Deep dives
The Stakes of Global Technology Competition
The discussion begins by emphasizing the importance of global technology competition and its implications for national security, economic welfare, and the advancement of modern technologies. The senators highlight the dual-use nature of many technologies and the need for investment in research and development to ensure U.S. competitiveness. They also stress the importance of embedding American values in technological advancements to counteract Beijing's export of surveillance technology.
The Need for a Strategic Approach
The senators discuss the need for a strategic approach in the face of global technology competition. While containment may not be the appropriate strategy, they agree that the U.S. should focus on areas where it can effectively compete and maintain an advantage. The example of China's dominance in telecommunications technology highlights the importance of industrial processes and competitive offerings. They emphasize that the competition extends beyond military power and economic welfare - it's about shaping the values and future of humanity.
Developing a High-Level Strategy
The conversation turns to the development of a high-level strategy for the United States in the technology competition with China. The senators emphasize the need for a clear understanding of strengths, weaknesses, and areas of competition. While containment may not be viable, they propose focusing on research and development, export controls, and ensuring compatibility with American values. They also underline the importance of robust alliances and partnerships to foster technological advancement and secure the democratic capitalist system.
The Global Technology Leadership Act and Congressional Action
The senators discuss the Global Technology Leadership Act, a piece of legislation aimed at addressing technology competition. They highlight the need for an institutional framework to assess U.S. strengths and weaknesses and provide strategic guidance in an ever-evolving technological landscape. They stress the importance of making critical investments, such as the Chips and Science Act, to boost American technological industries and ensure supply chain security. They also recognize the role of comprehensive AI legislation in regulating risks and enabling innovation.