@kentwillard i think more decoupling than war. industrial countries (really blocs) are all going to protect strategic industries. is that a trade war? it’ll look like it in nonaligned, open consumer countries (to their great benefit). but it’s also a kind of trade peace. the question is how companies survive in an era of redundancy and global overcapacity. the answer is subsidy, whether overt as i propose, or covert as consolidation and pricing power (really bad imho).