Tom Donohue, president and CEO of the U.S. Cavity of Commerce, warned on Wednesday about a growing global hostility to technology — U.S. tech in discrete — saying that it could severely damage the U.S. economy, its companies and consumers.
In the annual “Shape of American Business” speech, Donohue said technology “is not a single, all-powerful determination. It is now a part of every industry.” In the U.S., technology must be “embraced” as a growth-driver of the conservatism, and if it’s used “smartly and carefully,” everyone will benefit, he said.
“We necessity be careful that this ‘techlash’ doesn’t result in broad regulatory overreach that represses innovation and stops positive advancements in their tracks,” he said.
Donohue also admonished about excessive regulation in general, saying that it “stifles alteration and stops positive advancements in their tracks.”
U.S. tech has suffered assorted black eyes over the last year, including revelations nearby the toxic work culture of Uber and questions about how Russian manipulation of Facebook may maintain altered the outcome of the 2016 election. There’s also been a attain maturity body of research showing that heavy use of social media may be bad for intellectual health.
Donahue also said that U.S. education and infrastructure dearth to be updated to meet the needs of the 21st century economy.