Victor Vescovo

Yeah, I'm glad I'm flying myself back.

I won't have a problem with security.

I'll treat it with respect.

It is owed.

Yeah.

Yeah, I just start off with the preamble that China has some extraordinary structural advantages against the United States that you just simply can't deny.

It has three times our population.

It's as large as the US.

And they are very set on dominating certain industries, certain supply chains, et cetera.

And they have the resources to deploy government funds to do that.

We simply don't have some of those capabilities in the US.

For every engineer we throw at a problem,

They can throw three.

For every laborer that we can throw at a problem, they can throw three, and with their allies, even more.

So they have built-in financial and cost advantages, and they don't care that much about the environment.

So they don't have to worry about environmental review in the U.S., which is actually a really big deal to build new things in the U.S.

So they don't have a lot of the constraints we do.

That doesn't mean that they're an unstoppable force.

That's a very broad general statement.

In general, I would say probably not.