Industrial Policy

Geopolitics Macro

OECD Quantifies China’s Subsidy Edge at 8:1, Exposing WTO’s Structural Failure

New data reveals Chinese firms received up to eight times more state support than Western competitors across two decades, with subsidies reaching 10% of revenue in strategic sectors.

7 min read ·
Markets Technology

Trump administration deploys $2 billion in quantum computing equity stakes, marking state-as-venture-capitalist pivot

D-Wave and Rigetti surge 19-22% as federal government acquires minority stakes in nine quantum firms, mirroring Intel precedent but raising questions about commercial viability and private capital displacement.

8 min read ·
Energy Markets

Electric Vehicles Hit 20% of Global Car Sales as Battery Costs Collapse

China's manufacturing dominance and falling lithium prices are reshaping automotive economics while EVs displace 1.3 million barrels of oil daily.

8 min read ·
Geopolitics Macro

EU Codifies Supply Chain De-Risking Into Law, Ending Four Decades of China Integration

New procurement rules and investment screens mandate supplier diversification in chemicals and industrial machinery, marking the first permanent regulatory framework for geopolitical resilience since postwar European integration.

8 min read ·
Energy Geopolitics

GM’s $625M Nevada Lithium Bet Targets 2027 Supply as US-China Battery War Intensifies

Thacker Pass joint venture positions Detroit automaker ahead of rivals in domestic EV feedstock race, but production won't arrive until late 2027—leaving a three-year gap as China controls 85% of global battery capacity.

7 min read ·
Energy Geopolitics

China’s Rare Earth Chokehold: Processing Monopoly Exposes U.S. Strategic Vulnerability

Beijing controls 90% of refining despite holding only 37% of reserves, creating a minerals-based leverage point across defense and clean energy supply chains that billions in reshoring investment struggle to overcome.

8 min read ·
Energy Geopolitics

Merz Leverages Energy Crisis to Challenge EU Carbon Market

Germany's industrial cost pressures and Middle East supply shocks are fracturing EU climate consensus ahead of critical Green Deal implementation.

7 min read ·
Geopolitics Technology

Terafab Tests Whether CHIPS Act Can Overcome Taiwan’s Structural Advantages

Intel's partnership with Musk's $25B fab project converges geopolitical decoupling, industrial policy, and semiconductor equipment disruption—but cost and execution gaps remain wide.

8 min read ·
Geopolitics Macro

Pentagon Taps GM, Ford for Weapons Production as Iran War Drains Stockpiles

Defense officials mobilize civilian automakers to address industrial capacity crisis exposed by sustained Middle East operations and depleted missile inventories.

6 min read ·
Macro Markets

Trump Forces Pharma Into Binary Choice: Cut Prices or Face 100% Tariffs

New tariff regime targeting patented drugs creates a two-tier system with $400 billion in manufacturing commitments at stake.

8 min read ·
Geopolitics Macro

NATO’s $145 Billion Munitions Gap Undermines Historic Spending Milestone

All 32 member states hit 2% GDP defense target for first time, yet alliance identifies production deficit exposing decade-long industrial atrophy and raw material dependencies.

9 min read ·
Markets Technology

Intel’s Foundry Lost $10 Billion in 2025 as CHIPS Act Billions Mask Strategic Collapse

Government subsidies are funding capacity nobody wants while quarterly losses accelerate—exposing capex discipline failure and AI infrastructure ROI reckoning.

9 min read ·