I’ve made this exact argument many times. As a US citizen Russia and China have no power over me so it’s better for me to have my info there than at home. A person’s own government may use their info as a means of direct control while a foreign government can’t do that.

The stock market and publicly traded companies. The idea that a business that is making consistent profits isn’t good unless those profits are increased each quarter is asinine. This system of shortsighted hyper focus on short term quarterly growth for the sake of growth is the cause of so much pain and suffering in the world. Even companies with amazing financials will work to push workers compensation down, cut corners and exploit loopholes to make sure their profits are always growing. Consistent large profits aren’t good enough.