I think

large publicly traded companies have an interest in the status quo.

the status quo generally works really well if you're if you're thinking about purely efficiency right how can you most easily produce the most bountiful crop in the same way that you know if you're walmart and for 20 years you're trying to figure out how do i most cheaply get cotton find somebody to spin it into yarn take the yarn turn it into fabric and suddenly there's a t-shirt on my on the shelf of my of my superstore well the answer was china combined with you know subsidized cotton in the us and now increasingly cotton in asia not just xinjiang people probably think about but also pakistan big cotton crop and and we we didn't optimize for potential disruptions to that supply chain and let's face it i mean If we run out of T-shirts, that's a little different than if we run out of parts to make ventilators in the middle of a pandemic or if we can't make computer chips.

And so that was the shape of the supply chain.

And yeah, I think there is some element of we take it for granted that you go to the supermarket and there's 27 kinds of bread.

You know, what's the problem? Well, the problem is that we have put ourselves in position where we are heavily reliant on On this flow of chemical fertilizers coming through the Persian Gulf and in the same way, you know, post pandemic where you saw big companies, including Walmart, you know, move production from China to Mexico in some instances, at least in the margins where you saw Apple.

threatened by Trump's tariffs in the first administration, moved the making of the iPhone in part from China to India, we haven't seen the same sort of shift in food.

Do we take lessons from this in terms of trade, in terms of, you know, trade policy?