Geiger Capital has a graph and a bit of commentary that you simply cannot ignore.

I know most readers here know this, but the graphic captures the scale of our collective national failure to see the world as it has become.

One shipyard in China made more commercial ships in 2024 than the total number the US has produced since World War II. The destruction of America’s industrial base is a massive national security threat.

The United States is the Arsenal of Democracy™?

I don’t think so, and the PRC’s capabilities are only a small bit of this existential failure that people seem to have become aware of slowly at first, then all at once.