Survival Forced Me Into the Smartest Money Seat
The re-nationalization of critical supply chains.
What’s notable is where this is happening.
The U.S. is now absorbing large, systemically important enterprises—legacy industrials and strategic technology firms—into a protected framework. Companies like U.S. Steel and Intel aren’t just corporations anymore; they’re policy instruments. Tariffs are the enforcement mechanism.
Domestic preference is the rule.
Industrial sovereignty is the objective.
This is often described as “copying the China model,” but that misses the point.
China did this decades ago, under conditions of low global leverage, cheap labor, and an expanding middle class.
The U.S. is doing it after globalization, after financialization, labor replacement, and after inflation has already embedded itself into daily life. The models may rhyme, but the starting positions are radically different.
And that difference matters.
The United States is late—but that delay creates opportunity.
There is still a time lag between policy intent and full system repricing.
Capital hasn’t fully adjusted.
Labor hasn’t fully re-sorted.
Asset markets haven’t fully internalized what it means to operate inside a newly sovereign industrial framework rather than a globalized one.
That lag is where the advantage lives.
Excellent breakdown of the timing arbitrage here. The distinction between China's model implemented during low global leverage versus the U.S. doing this post-financilization is crucial and underappreciated. I've been tracking similiar patterns in semiconductor policy and the repricing lag you mentioned is real. Markets still price these companies as private entities when they're functoning more like quasi-public infrastructure now.