Where goes industry so goes strategic power. Globalisation chucked one-hundred and seventy years of industrial progress into the dustbin. Abandoning industry in pursuit of paper money was the greatest act of folly in America’s history.

Because American elites hate the government and don’t believe in “Industrial Policy.”

China has a national security imperative to achieve energy independence, because it produces a much smaller percentage of the hydrocarbons it needs to maintain independence in a carbon-centered energy system. A huge percentage of the oil it imports must be shipped through the easily blockaded Strait of Malacca. So going electric is a national security issue in China. Not so much here.