lanes, as we saw with the UTs. But it was something that really we'd seen before with the Armenia as a by John War and now that we've seen with Ukraine, that basically controlling seaways thanks to massive fleets and aircraft carriers and destroyers, etc. When these can get taken out by a $50,000 drone, all of a sudden the equation changes dramatically and your ability to control all of the world's waterways is perhaps no longer the same. So I think we're seeing some profound shifts today that make for a very, very different world. So on that point, if you had to sort of describe what the nature of this relationship is between the U.S. and China and how it has evolved, what is the story you would tell and how much of this is an appropriate response on the part of the United States, for example, to try and prevent China's military rise and how much of it is an overestimation of the threat that China poses that risks backfiring on the U.S.? Look, I think the entire relationship changed (21/42)
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