Sarah Paine

And they're already starting to marginalize us by putting out feelers to set up trade agreements with Asian countries, with South American countries.

It'll take them a while to do this.

Once they do it, we will be on the outside of it if we don't change our minds.

and they're going to get stronger institutionally and um uh what is it churchill said something about allies the only thing worse than working with allies is working trying to survive without them that uh you that um you're better off with lots of friends going after bullies in the world than you are by yourselves and we'll find ourselves by ourselves and um

Other countries have tried to tangle with China all by themselves.

Japan did it when China was an undeveloped country.

It did not work well.

You want to have friends when you do this.

But we're making pivotal errors and we will pay for them.

That's fine.

I could be wrong.

Well, let me ask you a question.

Why isn't it that Argentina, which is a really big country, tremendous resources, why isn't it a great power?

Yeah, but why does its economy suck?

Excuse me.

Not my choice of words.

But that is...

Oh, okay.

Okay, but aren't we talking Peron is a populist leader.

Populists, by definition, aren't people who are institutionalists.