Its recoverable, but its extremely bitter medicine with no immediate pay off and I dont see who is waiting in the wings currently who could set it right.
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But why would you want that?
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State capacity in general is a good thing, beyond that freedom of navigation is globally beneficial & has helped lift many of the poorest people out of poverty & there doesnt seem to be anyone willing to defend it. If Germany, France, or Brazil want to take charge enforcing it, fine, but will they?
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