Geopolitical Tensions and the Emergence of Big Tech Conglomerates

The emergence of big tech conglomerates, particularly from China, competing with those in the United States is a key factor causing rising geopolitical tensions. This competition is evident in the example of TikTok's global impact. As the world embraces AI, it is dividing into spheres of influence dominated by the US and China, leaving other regions behind. The integration of big tech and finance in China, exemplified by companies like Alibaba and Tencent, surpasses what the US has achieved due to regulatory differences. The shift from the gold standard in 1971 marked a significant historical change, transitioning to a centrally planned capitalist global economy led by the US. This created a fixed exchange rate system and stable interest rates until the early 1970s, a concept that is alien to the current generation.