The agency's existence is politically feasible because people see it as protecting them from terrorists and foreign governments. Peforming spy-work to marginally improve the bottom line of American companies doesn't really stack up on that scale; even if you beleive the beggar-thy-neighbour economics that it implies.
And even if we naively assume some economic gain to the US, isn't that outweighed by the cost of their own war on encryption and instence on backdoors and other meddling in the ordinary functiong of the US tech industry?
>The agency's existence is politically feasible because people see it as protecting them from terrorists and foreign governments.
I don't think the US public really cares about the privacy of foreigners against US intelligence agencies. Further, it's not just some marginal benefit. If piracy became user friendly (think Netflix or better) and easy to do with impunity, it would be a massive threat to the entire American creative industry. No one is under the fantasy that we can root out piracy altogether.
> Peforming spy-work to marginally improve the bottom line of American companies doesn't really stack up on that scale
That's laughable. The Russians and Chinese have made a gold mine out of ripping off America's military and commercial technology. The cold war would have been very different if the Russians/Soviets hadn't stolen the US (and allied) technology on the atomic bomb.
It's neither naive nor some economic gain to be had. It's blatantly obvious and it's vast. If - as one example - China is really going to be a serious long-term competitor to the US economy (and its technology interests) over time, and it certainly appears they are, then the US needs to be capable of advanced economic espionage, exactly the same as China has been doing to the US on their way up. If they come up with some new marvel of technology (it's bound to happen given their economic scale at this point), the US should plunder it exactly the same as China and Russia would happily do to the US.
And even if we naively assume some economic gain to the US, isn't that outweighed by the cost of their own war on encryption and instence on backdoors and other meddling in the ordinary functiong of the US tech industry?