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""I'd like to ask you," NSA whistleblower Edward Snowden asked Russian leader Vladimir Putin on a televised call-in show, "does Russia intercept, store or analyze in any way the communications of millions of individuals?" Putin, a former KGB agent and head of Russia's intelligence service, spoke about what they had in common: spycraft. "

""When you have a fully digital system you have no weapon to defend yourself if someone turns it off," he says. "If Putin invades Gotland [Sweden's largest island] it will be enough for him to turn off the payments system. No other country would even think about taking these sorts of risks, they would demand some sort of analogue system.""

"But the uniqueness of TSMC and its location on an island that the Chinese regime regards as part of the mainland is giving rise to strategic panic. Both the US and the EU are racing to try to ensure that they have 2nm chip-fabrication capability within their respective jurisdictions. The problem is that one cannot conjure up such capacity just by throwing money at it. TSMC itself has built a fabrication plant in Arizona. But in his speech marking the ceremonial opening of the facility last December, Morris Chang, the firm's founder, said that it could not find enough qualified American workers to run it. It was sending every new American recruit to Taiwan for 18 months of training and was even importing engineers from Taiwan to make the Arizona plant operational. Hopefully it will all be up and running before Xi decides to "do a Putin" and we will no longer to be able to have chips with everything."

"The end result of that was, of course, the foundational contribution that the French revolution made to democracy. But now here we are, those of us living in liberal democratic states that depend on an educated, engaged population for their continued existence, facing a 21st-century arbre de Cracovie. Except this one is incalculably more ubiquitous, more instantaneous, more overwhelming, and more powerful. And as voters around the world proceed through the biggest election year in history, I find myself increasingly wondering: can democracy survive social media?"

""How are we going to trust anything electronically mediated in the very near future? What do we do when anyone can imitate anyone else, for any reason that suits them?""