they had some really great libertarian market, you know, free market principles. They had it because they had very competent industrial policy. I disagree on that, actually. Well, great, because this is a good opportunity to have this conversation because they've really crushed it on EVs. So what explains the rapid advancement in EVs and how they've taken the global economy by storm in that area so much so that it's terrifying the Europeans and the Americans have put tariffs on non-existent imports. I mean, they're not even, it's not even an area of competition right now. So what, how do we explain that? So I think the narrative right now in the Western world is the one you just described. It's, oh, China's really good at giving government subsidies and we suck at it. In essence, that's the narrative. I look at it a little bit differently. I would say that first and foremost, being an industry, you build in a whole ecosystem that you don't wake up one morning and decide, you know what, (27/42)
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