Why the US-China Tech Fight matters to everyone | The Daily Brief

In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets:

1. The US–China Tech Race and the Cost of Tech Nationalism
This story explores how the US–China technology rivalry has turned into a high-stakes economic arms race. Through tariffs, export controls, subsidies, and restrictions on chips, minerals, capital, and talent, both countries are trying to secure long-term technological dominance. However, research suggests that while these policies may seem rational individually, they reduce global welfare, disrupt innovation networks, and create a world of “mutually assured pain,” where neither side fully wins.

2. The Uneasy Future of Digital Money and Financial Systems
This story looks at how digitisation is reshaping money itself — from public payment rails like UPI to private stablecoins and programmable money. Drawing from global examples, it highlights tensions between innovation and control, privacy and surveillance, stability and experimentation. The story argues that digital finance is no longer just about faster payments, but about deep design choices that will shape privacy, credit, and financial power in the future.

Timestamps:
00:00 Intro
00:31 Can Tech Wars Create Winners?
12:29 The Rise of Digital Finance
24:42 Tidbits


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