Balaji Srinivasan

Sorry, I sounded like way more confrontational than I meant to be.

Yeah, yeah.

I agree with everything you just said.

Yeah, yeah.

So, like, the very first thing, people talk about supply chain as an abstraction.

But, like, does somebody have a printout of the supply chain?

I'm sure China does.

because they have a gigantic, fully vertically integrated thing where they, you know, WeChat is centrally integrated and so on and so forth.

They can probably do it as a database printout, right, so to speak.

Like they can, maybe it's one giant SQL query or something.

I would not be surprised, I'd be shocked, in fact, if they don't have it.

I don't think, to my knowledge, that the U.S.

has actually a visual into its supply chain.

I think Google does, right?

I think Apple does.

I think Amazon does.

I think Elon certainly does, but only within their scope, which is only for their, you know, kind of thing.

I don't think there is an overall visual, right?

And you can't hit what you can't see.

And the thing is that the actually successful version of what's called import substitution, this is in the context, by the way, of last year's conversation on tariffs.