Victor Vescovo

Ours tend to have more creativity.

I think in general, they tend to be very good if they're given specific tasks, like get cost out of this part or figure out this process, and they'll just apply resources until they get it done.

But it was Americans that came up with the lithium iron phosphate battery, for example.

but they figured out how to make it in volume cheaply.

That's a great example of that.

So the issue is they have some resources that we simply can't replicate and will,

at the government level to do things that we simply can't do in a democracy that is tough, but they do have challenges.

One, they have not fought a major conflict in a very long time.

And they have certainly not fought a maritime conflict.

So when you're talking about Taiwan undertaking the most difficult military conventional operation around an amphibious invasion,

They haven't done it.

I don't even think they did it in the Middle Ages.

That would be a completely new problem for them.

And anyone that studies history knows the first time you do anything in the military sphere, it doesn't go that well.

So I think they know that.

They're also a very intelligent culture.

They calculate odds.

They're not reckless.

And so I think that they're trying to judge the situation to their maximum benefit.

And I think the United States, especially most recently, but even with the previous administration, more attempts have been made to pivot to Asia, and we are increasing the deterrent capability of the United States to say, the odds aren't for certain that you could succeed in a military intervention in Taiwan.