Sarah Paine

They're like me, I'm so special kind of person.

And so aren't you actually telling me that Argentina has inadequate domestic institutions and they failed?

Yeah, yeah, yeah.

Like if you look at Russia, I mean, lousy institutions, that place should be rich.

I suspect that this crisis now, because it's existential with Putin, that it will force them to clean up these institutions.

It will take them time.

Maybe I'll be dead wrong.

Or maybe I'll be wrong, dead, who knows how that all works.

But I suspect, because usually an existential threat is clarifying.

And you can see Ukraine trying desperately to clean up its institutions.

That's a lot further to go than Europe does.

I suspect that Europeans are going to clean up some of this.

It'll take them time.

It'll take them time.

But they have to because the piggy bank here is no longer willing to fund their defense.

And so there's merit in the Europeans need to pick up the tab on their defense.

And they should have done it earlier.

Without a doubt, there's merit to that.

But the way we're doing it,

Where we're going to cut ourselves out of the action.