„The danger in the reaction to NSA revelation comes, as usual, from the political sector. Many politicians in Brazil, Europe and elsewhere see an opportunity to require that data on their citizens be stored locally. That might keep the NSA at bay, but it's no shield from their own snoops—and certainly driven more by efforts to jump-start local would-be Googles than by concerns over privacy.
Even if many of the cries of outrage and promises of legal protection for privacy are bogus, the market for legitimate protection will drive efforts to provide the same. If estimates of the money at stake are correct, it's going to be very tempting for some jurisdictions to set themselves up as true data havens.”