It's bad for business until it's not. Isolationist economic policies will over time make war more likely.
> Between the spread of the companies it effectively owns, and the deals being made with the rest of the world's most powerful tech companies, China will soon wield more influence than the U.S. I don't think it'll be long before surveillance-states are the norm.
I'm not sure about China wielding more influence than the U.S. That sort of thing is really hard to predict accurately, especially from the perspective of someone who isn't a world leader privy to all available information.
I do agree that surveillance states will be the norm, though, at least everywhere that doesn't currently have a democracy functioning well enough to prevent it.