Latest / UK Column Radio / Former Taiwan Independence Supporter Is Now a Pragmatic Voice on Taiwan's Future | Angelica Oung
Transcript
- 0:00Hello and welcome to another episode of the Silk and Steel
- 0:04Podcast. I'm your host, Carl Zah.
- 0:06Today we have a very special guest, Angelica, all the way
- 0:10from Taiwan. Sorry, how do you pronounce your
- 0:13last name Angelica? Angelica.
- 0:15Ong. Yeah, it's Ong.
- 0:16Angelica pronounce it Ong. In Chinese, it's Ong.
- 0:21Yeah. So, Angelica Ong, how would I
- 0:24describe you? You know what?
- 0:26I better let you introduce yourself.
- 0:29Sure. Hello everybody, my name is
- 0:31Angelica Ong and I'm a pro nuclear activist.
- 0:37That's my job. But I also do a lot of
- 0:39commentary online, mostly about what I consider the Sinosphere,
- 0:44China, Taiwan, and and beyond. Basically, I think there's a lot
- 0:49going on right now. And I've always commented on
- 0:54geopolitics since I was doing reporting.
- 0:58I was a business reporter for a long time.
- 1:01And I think actually the geopolitics part is shaping up
- 1:06for the it's taking up a lot of my mental space, let's say.
- 1:10But I can't really say it's what I do because nobody's really
- 1:14paying me for it apart from my lovely subscribers on Sub Stack.
- 1:18So subscribe. I'm little I'm curious about
- 1:24your background. So you're obviously based in
- 1:26Taiwan, but you do sound like you you are speaking North
- 1:29American English. Did you spend significant time
- 1:32in America? I'm a dual citizen.
- 1:36My mom actually was so determined to make me an
- 1:39American that she was pregnant with me and she kind of hid hid
- 1:43her pregnancy under a big coat and did the whole did the whole
- 1:50giving birth to me in California thing so I would have birthright
- 1:54citizenship. I didn't really return to the US
- 1:57until my college days, but I've lived outside of Taiwan before
- 2:01that and I just really took to it.
- 2:05I, I felt like as soon as I arrived in America, I was an
- 2:09American. I assimilated very well given
- 2:13the milieu, and I ended up in Los Angeles where I was actually
- 2:17working in the food industry. I was a pastry chef at Lincook
- 2:22when COVID hit and that was when I came back to Taiwan.
- 2:27Before that, I'm sorry. Sure, no problem.
- 2:31Yeah, yeah, I was living in like the shittier West LA basically.
- 2:37And I. Well W alley is the nicer part.
- 2:40What are you talking about? Like I.
- 2:42I no no no, there's like a little shitty triangle right
- 2:45between Santa Monica and West LA, right on the Brentwood.
- 2:49So I lived in the shitty triangle between 3 very nice
- 2:52areas, but I cooked in very nice restaurants in all of those
- 2:56areas. So it was perfect for me.
- 2:59I never thought I'd return to Taiwan again or to journalism
- 3:02because I thought that was all in the past.
- 3:04And then COVID hit and all of a sudden there was like, do you
- 3:09remember when the NBA did their big shutdown?
- 3:12And that was when everybody disappeared from the restaurant?
- 3:15And after a few days, the restaurant was closed for the
- 3:19rest of COVID. And I flew back to Taipei and I
- 3:22was feeling very, very lost, like what's going on with my
- 3:25life, you know? Then we had no idea how long the
- 3:28thing was going to last. I didn't know when I left LA
- 3:31that it was basically like leaving LA as a home forever
- 3:36with only a suitcase. Basically went back to
- 3:40journalism in Taipei. It was kind of like Freaky
- 3:43Friday because it was what what I did in my 20s.
- 3:47So I became a business reporter at Taipei Times, the first news
- 3:53outlet I ever wrote for. Yeah.
- 3:56But I quickly grew beyond that and really became interested in
- 3:59energy, and that's where my journey took me eventually.
- 4:06How did you transition to a pro nuclear activist?
- 4:11Yeah, actually, when I first got into energy, my big thing was
- 4:15offshore wind, right? I wouldn't know this till later,
- 4:18but basically, in order to fill the gap that's going to be
- 4:24caused by the DPP campaign promise to shut off all the
- 4:28nuclear power plants on this island, they have to find
- 4:31another source. It's politically impossible to
- 4:36build any more coal plants, and they needed something that was
- 4:40renewable. And Taiwan is a island half the
- 4:45size of Tasmania, but we have the around the same population
- 4:48as all of Australia, plus a highly developed manufacturing
- 4:53economy. So we needed renewable energy in
- 4:56bulk. We knew solar wasn't going to do
- 4:58it. 70% of the island is mountainous, there's hardly any
- 5:02flat arable land, so it's going to have to be something else.
- 5:07And offshore wind seems to provide the kind of bulk energy
- 5:12that would be needed to replace nuclear.
- 5:15So the government actually invested billions and billions
- 5:19of dollars into the scheme. And all the European developers
- 5:25kind of found a lifeline because this was when 20/16/2017, when
- 5:31their freedom tariffs were starting to get caught in
- 5:34Europe. So coming to Taiwan seemed like
- 5:37a bonanza for them and for President Thai.
- 5:42It made for a very campaign ready slogan.
- 5:45It's like we're following in the footstep of Europe and this new
- 5:49technology is going to free us from generating with atomic
- 5:55power forever. We will deliver on the DP PS
- 5:58long standing promise of a nuclear free homeland.
- 6:03So I plunged myself into this industry and quickly became very
- 6:06well known because I think one of my strong points is able to
- 6:10explain things from the Taiwanese point of view and the
- 6:14Western point of view and back again.
- 6:16And by the by the time I emerged on the scene in 2020, there's
- 6:21already like heavy friction between the Western developers
- 6:25and the Taiwanese government. In short, they tried to do
- 6:29something that was probably questionable in the 1st place,
- 6:33replacing firm cheap nuclear power with expensive complicated
- 6:38offshore wind that is intermittent, but it could have
- 6:42been done better. It the whole scheme was very,
- 6:44very ill advised from the point of view of how it was set up.
- 6:50So I discovered through becoming a very good offshore wind
- 6:54reporter and quite well known and I ran my own newsletter and
- 6:58it was doing actually quite well.
- 7:02Certainly, you know, I was surprised that I was able to
- 7:06make it on my own, which is hard in the media world these days.
- 7:10But I I discovered through the this process that offshore wind
- 7:14wasn't a great match for Taiwan as an energy source.
- 7:17And the more I learned about how the grid works and how how much
- 7:22we needed like stability in the grid, the more I realized
- 7:28turning off the nuclear power plant plants was just the most
- 7:32terrible decision for Taiwan you can imagine.
- 7:36And I started on the side campaigning more for nuclear
- 7:40energy. And for a while it was just
- 7:44purely, purely a passion project.
- 7:46I wasn't getting paid for it. In fact I was getting a lot of
- 7:49blowback from the offshore wind community for it.
- 7:52But I kept going. And funnily enough, I went to
- 7:58COP like 3-2 years ago. It was the one in Dubai, COP 28,
- 8:04and I I got a nuclear, I got a gig promoting nuclear energy
- 8:10there from a philanthropist. So everything seemed to line up.
- 8:15I returned to Taiwan and started doing nuclear activism full time
- 8:20because I don't think it's just the right choice for Taiwan.
- 8:23I'm actually increasingly convinced that it's the correct
- 8:27choice for the planet, or at least the 100% wind and solar
- 8:32solution is not just going to work out.
- 8:35And I I'm very glad I took that decision because that's a lot
- 8:38edgier to say two years ago than it is now.
- 8:43So my quite obvious, my question is why is a ruling party of
- 8:48Taiwan, DPP have a anti nuclear platform?
- 8:51Because nuclear power has been in Taiwan since what, like
- 8:551980s, nineteen 70s? It's been it's been there for
- 8:58for a long time. Why?
- 8:59Why it is there a drive to remove the nuclear power from
- 9:03Taiwan? I, I, I I I'm trying to
- 9:05understand that. Actually, anti nuclearism has
- 9:08been there ever since the inception of the DPP and it's
- 9:12very understandable because they were formed formally as a party
- 9:18and in their original charter was we, we're going to have a
- 9:22nuclear free homeland. And it's very, very
- 9:24understandable given the times. It was the 80s, it was right
- 9:29after Chernobyl. It was truly more of an unknown
- 9:33back then than it is now that Atomic Energy is super safe and
- 9:38important for our planet, right. So I, I actually don't don't
- 9:43question the DP PS decision to be anti nuclear back then maybe
- 9:47I would have been two. What is really bad for Taiwan is
- 9:51that it worked very well as an electoral vote getter and
- 9:59somebody I tried to lobby in the DPP world actually put it to me
- 10:04once, she said, Angelica, you need to realize that anti
- 10:10nuclear activism came up hand in hand with the pro democracy
- 10:15movement in Taiwan. So you're never going to
- 10:19convince those people to be pro nuclear energy or even to accept
- 10:23nuclear energy, because for them it would mean giving up on their
- 10:27deepest values. Is that because it's a nuclear?
- 10:33The whole nuclear energy was put in place during the martial law
- 10:37during the Zhangjingguo era that when KMT rule Taiwan is that and
- 10:43and because DPP grow out of the kind of the opposition to KMT.
- 10:48So that's why they oppose whatever KMT did.
- 10:50Is that is that why they're anti nuclear?
- 10:53Yeah, I would say that's a big part of it.
- 10:56In in first of all, those nuclear power plants were big
- 10:59and very potent symbols of what the state, powerful and under
- 11:10unfree state, was able to do. And even though they produced a
- 11:15lot of economic output, nobody ever sought to get the consent
- 11:20of the people living near them or of Taiwan in general.
- 11:25So it was a great way to hit the KMT government for not caring
- 11:32about the people, not caring about their health, only caring
- 11:34about profits, only caring about money.
- 11:37And for a while I think. I think people forget now
- 11:40because the current DPP is very much in the neoliberal middle
- 11:47now and very much like the like minded democracy playbook and it
- 11:55takes the achievements of TSMC as its own.
- 11:58But back then the DPP was actually kind of a leftist more
- 12:03left entity. And it was not just anti nuclear
- 12:06power. It was broadly, I would say
- 12:09almost anti development. So everything dovetailed with
- 12:15their sort of NGO, human rights lawyer, anti development, anti
- 12:21nuclear, pro environment mindset.
- 12:24So they had a, well, I would, I would say anti business.
- 12:29They they had a more, they had a more, they had a vision of
- 12:33Taiwan. I would think that at one point
- 12:35seemed almost like, almost like agrarian or I don't know how to
- 12:40describe it, but it's it's, it's some it, you know, you see it in
- 12:43the Western left to the pro environmentalist, anti big
- 12:47business kind of leftism. So yeah, that they held on to
- 12:53that. And they still have, they still
- 12:56completely own the activist space, the NGO space.
- 13:00But obviously once they got into power, they realized, hey,
- 13:04economic growth is really nice, not just because it's now that
- 13:10we're in power, we are benefiting from it, but also
- 13:15it's it's a vote getter. It's what you need to keep being
- 13:18elected. Now I I remember I first
- 13:23discover you on Twitter because you post a lot and I remember
- 13:27you used to be a quite vocal supporter of the DPP.
- 13:33But but there's recently there has been a big shift of your
- 13:38political stance. I mean, this is one of the
- 13:40reason I invited you to the show to share with us your own
- 13:45political. I kind of, I kind of I'm too
- 13:47interested in your own political transformation.
- 13:50How did you became from like a more pro DPP position now you
- 13:56now shifted to the other side but you you is it because mostly
- 14:02because of your pro nuclear activism?
- 14:06I would say that sometimes your shift in beliefs can happen like
- 14:11a bankruptcy, right? It happened slowly, by slowly,
- 14:14and then all at once. And I feel like that's what
- 14:17happened. That's why everything seems so
- 14:19sudden and precipitous. Like, people are literally like
- 14:22Angelica, what happened to you? Are you OK?
- 14:26Are you manic? Do you need help?
- 14:29Are you, have you gone crazy? Have you cracked under the
- 14:32pressure of living in the most dangerous place in the world?
- 14:37Have you Wait, wait, wait. Who, who, Who asked you if who,
- 14:42Who is said Taiwan is the most dangerous?
- 14:44Oh, that, that was a that was a cover on the Economist a couple
- 14:48of days ago. So that's an Angel.
- 14:49But people really thought I was maybe cracking under the
- 14:52pressure of Taiwan being under the Chinese invasion threat.
- 14:57They also thought. Because I, I, I, my, I, I have.
- 15:02Maybe I should ask you, do people on Taiwan feel like they
- 15:06live in a very most dangerous place in the world?
- 15:10No, of course not. But I I will say this, people do
- 15:15hear the ticking of the reunification clock a lot louder
- 15:20than they used to when I got here in 2020.
- 15:23So it seemed like everything, the flipping name inside me
- 15:28happened. Seems like it all at once,
- 15:32right? And it was all this year.
- 15:35But quite frankly, my belief in the DPP and their version, not
- 15:41just of not just of human rights and democracy, but in terms of
- 15:48how viable they are at governance and how truthful they
- 15:53are when it comes to describing what's happening right now or in
- 15:57the past or how capable the policies are, that's been a
- 16:02gradual process of loss. And it started with me
- 16:05discovering that, yeah, I think they understand quite well
- 16:11they're not stupid. The situation with Taiwan's grid
- 16:15and our economic need for nuclear energy and why renewable
- 16:21energy is just never going to make it to the level they say
- 16:24they want it to go in Taiwan for various systematic, engineering
- 16:31related, economically related reasons, right?
- 16:34We are an island grid with poor renewable resources.
- 16:39And they, you know, President Lai, I'm so sorry, President
- 16:44Tai. This was during President Tai's
- 16:46second term when it was transparently obvious that her
- 16:50energy policy was a big fat fail.
- 16:53She went on to declare that Taiwan is going to be net 0 by
- 16:592050. I mean, I, I just felt like
- 17:03she's, she, I was so disappointed with her because
- 17:06when I first came back to Taiwan, this was remember when I
- 17:10was feeling really lost and not really knowing where my life is
- 17:14going to go and feeling really unconnected with Taiwan after
- 17:20being away on and off for so many years.
- 17:23I mean, I've worked in Taiwan before, so it's not totally
- 17:26formed, but I truly believe I would never live in Taiwan again
- 17:30as a full time resident. So I really, I really got a lot
- 17:35of comfort from the Taiwan aura up moment during the COVID.
- 17:42I don't know if you remember when we're doing a lot of cute
- 17:47things like, I don't know, exchanging care packages with
- 17:51Lithuania or having Czech politicians come to speak at our
- 17:55government about how great it is to stand up for democracy and
- 17:59how it's scary. But in the end, it's all worth
- 18:01it and that sort of thing. And I thought President Tsai
- 18:04herself was a very charming politician.
- 18:10I thought she was cool. I thought she was a girl boss.
- 18:15I also thought that she, she, she knew what she was doing Like
- 18:21the, she, she knew like she had a plan for where she was going
- 18:25with the country. And that that faith, that
- 18:30fandom, you know, I was a a Thai fan girl, really took a hit when
- 18:34I saw how disingenuous she was about the country's energy
- 18:38policy. And that really raised the
- 18:40question in my mind of how truthful she is, how capable she
- 18:45is about everything else. And it opened the door.
- 18:50Also because the pro nuclear activism world is full of KMT
- 18:56and TPP supporters. There is hardly any DPP in there
- 19:01at all. And if they are, they're
- 19:04probably not cases. Who wants Taiwan to get a bunch
- 19:07of nuclear weapons? Yes, though I I slowly by slowly
- 19:13by almost by osmosis, absorb the fact that the DPP is not a
- 19:20straight dealer when it comes to a lot of what they're saying
- 19:24either about our current situation or about our past, our
- 19:29history, and also about our military situation.
- 19:35So the military in Taiwan is actually still a very much KMT
- 19:42dominated institution. And this is something that the
- 19:45DPP can't do anything about. They can sort of parachute in a
- 19:49few guys at the top with their political affiliation, but the
- 19:53rank and file of the military tend to come from military
- 19:57families, and military families are the bluest of the blue and.
- 20:04Second, Angela, because most of my audience is the Anglophone
- 20:08audience, they need sometimes something to the basic, you
- 20:12know, we're, we're we're using this acronym DPPKMT.
- 20:16So KMT is a party that came with Shanghai shit from mainland
- 20:20after the civil war in 1949 and they had been ruling Taiwan as a
- 20:27military dictatorship until basically 1980s after you know I
- 20:32think when was a martial law lifted like 1987?
- 20:35Or something, something like that.
- 20:36Yeah, that. Time.
- 20:38So for a long time it was actually known as.
- 20:40Now it's known as white pair the, the period from 1947 to 19
- 20:4587 and and the, the, the, but the KMT they because they rule
- 20:52Taiwan with the iron hand. So they generate a lot of
- 20:54opposition. And well, KMT was very good at
- 20:58cracking down. That killed all the, the red
- 21:01opposition first that killed all the colonies.
- 21:03And then So what, what what was left is kind of the liberal
- 21:07opposition that was formed under the DPP and DPP, they
- 21:12eventually, after Taiwan liberalized and, and, and, and
- 21:16became a electoral democracy, eventually DPP will start
- 21:20winning election. And now, today, DPP have been
- 21:24the ruling party of Taiwan for almost like a decade now, right?
- 21:28Yeah, yeah. Taiwan got elected in 2016 and
- 21:32the DPP haven't lost the presidential election since,
- 21:36although the last one was definitely much closer.
- 21:40When President Lighting the was only elected with 40% of the
- 21:43vote. Because the KMT and a upstart
- 21:47party called the TPP Taiwan People's Party.
- 21:53They split the vote, the anti DPP vote.
- 21:56I think a lot of people are like me, you know, they started off
- 21:59being wanting to give the DPPA chance and they have become
- 22:04really disappointed with the poor governance.
- 22:07Meanwhile the KMT, they've been unable to defend themselves
- 22:13against the charges of despotism and anti being anti democracy.
- 22:22And it's because they wanted to tell the truth in a partial
- 22:27manner and they didn't want to tell the whole truth, which is
- 22:33that like you said before, a lot of the people they killed were
- 22:38not like Taiwanese separatists, pro democracy dissidents, right?
- 22:43They were commies and they wanted to separate the good
- 22:49victims. They want to atone sincerely for
- 22:53mind. Joe went to the 2 to 8 memorial
- 22:57every year and bawled his eyes out.
- 23:00But now to bring things like from the past right back to the
- 23:05bleeding edge of news. When the new KMT chairwoman,
- 23:10John Dee Wan, when she went to match hunting but were many of
- 23:15the victims of white terror were executed, she was criticized.
- 23:21She was criticized by the by the DPP and the KMT establishment
- 23:27alike. And the KMT establishment
- 23:31basically criticized her for affirming the Chinese Communist
- 23:40Party's version of history by mourning these commies who were
- 23:47rightfully shot and being disloyal to the memory of Chiang
- 23:51Kai Shek. Like they wanted to atone for
- 23:55the right kind of victims, not the wrong kind of victims.
- 23:58But the fact of the matter is the majority of the victims were
- 24:02the wrong kind of victims, right?
- 24:05Meanwhile the DPP who used to go to match hunting all the time
- 24:09lay flowers and counted the dead commies kind of as their own.
- 24:15They basically they basically scrubbed their ideology from the
- 24:20victims and made them out to be pro democracy, pro Taiwanese
- 24:25separatist victims. Proto Taiwan independence,
- 24:31maybe. But now all of a sudden they
- 24:35remember, oh, actually they were commies.
- 24:37It's very, very problematic for the KMT chairwoman to go there.
- 24:41So it's like, OK, they're the same, literally the same dead
- 24:44people. How can they be like prototydu
- 24:47martyrs for one occasion in the past when you wanted to
- 24:52politicize their their executions, and now they're a
- 24:56bunch of commies and the KMT chairwoman is capitulating to
- 25:02communism by going to commemorate their their
- 25:06executions. It's like, do they think that we
- 25:11have the memory of goldfish? Apparently they do that.
- 25:15Yeah, I think that's that's I see a lot of parallels actually
- 25:20between Taiwan and the develop the rest of the West, like
- 25:24particularly United States, you know, both are in the grip of
- 25:28the neo liberal ideology and both of them are developed into
- 25:35because they're mature economies now they are kind of facing all
- 25:39kind of bottleneck that that that that they're facing.
- 25:42All the problem with that come with neoliberal economics.
- 25:46All the wealth is now accrued to the top 1% and the people at the
- 25:52bottom. They have very dim economic
- 25:55prospect and then you have the then they just turn on the
- 25:59propaganda machine through the media to to to, you know, like
- 26:04you say, that's assume people have the memory of goldfish.
- 26:08Well, you know, I am actually, I actually started the Taipei
- 26:13Neolibs Club. You know, I, I was very
- 26:16associated with the online neoliberals.
- 26:19And for me, it's just what appears to accord with my
- 26:24perception of reality for basically my whole life, right.
- 26:28I grew up in the end of history moment.
- 26:32The world is flat made perfect sense coming collapse of China.
- 26:37I read that, you know, the year after it came out in, in 2002.
- 26:42And I, I think it, it just got to the point where I, I think
- 26:48the predictions were going in the wrong way and I saw the goal
- 26:52posts just getting constantly shifted.
- 26:55And that's actually my advice for people who are feeling
- 26:58really confused in this world. And maybe if you can feel your
- 27:02IQ dropping due to all the copium you're consuming, this is
- 27:08how you figure out who's telling the truth and who's dishing out
- 27:11the propaganda, right? Both sides uses propaganda.
- 27:14Of course they want to tell the story from their point of view.
- 27:17So for every 5 minutes you devote to the kind of media
- 27:22that's on your side, just give one minute to the others.
- 27:25And you don't have to take their word for anything.
- 27:28You just need to listen to them and kind of take a mental note
- 27:34of what they're predicting and just see which side is
- 27:39predicting the future better. I think that's a really, really
- 27:42good first step. And then also look for which
- 27:46side are presenting the arguments with more granularity
- 27:50and which side is kind of sliding more into black and
- 27:53white. You're either with us or against
- 27:56us or moral cudgels or kind of almost of a personal sanctions
- 28:02scheme where if you're saying the wrong things, the rest of
- 28:05your arguments are automatically invalid.
- 28:08If they're doing that, it's that's a side that's probably
- 28:12trying to propagandize you. Well, both sides are, but
- 28:15they're the one that needs more opium and copium in their
- 28:19narrative to make it stand up. Yeah, I think people just need
- 28:23to develop a better media literacy.
- 28:25And yet a lot of time you can still glean useful information
- 28:29from the media reports, but you just got to understand their
- 28:33angle. You know, you got to understand
- 28:35who is paying them, who is finding them, why there are, you
- 28:38know, you got to understand they have agenda, you know, Pew away
- 28:42at the agenda and to see what kind of useful information you
- 28:45can still gleam out. I'm really interested in how
- 28:49your, you know, like I said, I, I was interested in your
- 28:52political transformation because I noticed at one point you were
- 28:56posting an X. You are saying, OK, what, what
- 28:58is the DPP doing? Their anti nuclear stands is
- 29:03totally income. It's totally detrimental to the
- 29:06Taiwan's national security because Taiwan need the nuclear
- 29:10energy need to develop, you know, nuclear stockpile in order
- 29:16to defend itself against, you know, the imminent threat from
- 29:20mainland. But now you're taking a a much
- 29:22more nuanced view toward the cross trade relations.
- 29:25How did that come about? Well, I think the the DPP should
- 29:30keep the nuclear power plants on perspective to defend itself
- 29:35against the blockade or whatever.
- 29:36Perspective is very much actually the US standard line
- 29:40because they need Taiwan to at least, you know, not just flop
- 29:46over completely, right. That wouldn't, that wouldn't
- 29:49really serve their purposes. So I was pushing that point of
- 29:54view to try and move the DPP, and I know that their biggest
- 30:02sponsor was the Americans, so that seemed to be like the most
- 30:05effective way to do that. So a lot of it was just like
- 30:08lobbying, like trying to solve a problem of how to make the DPP
- 30:12do the right thing despite. Smart, actually.
- 30:16Having to take a political hit for that.
- 30:18But I think eventually I just realized actually talking to a
- 30:25lot of people who either are from military families or I have
- 30:31a military reporter friend. And it gradually again, it's
- 30:38like a sudden and then you get a light bulb moment.
- 30:41But you you don't get it because of the proximate piece of
- 30:45information you encounter before the light bulb moment.
- 30:48But because all of a sudden you gather enough information to see
- 30:53the the picture, see the whole picture.
- 30:56And I was like, Oh my God, there's no way.
- 31:01Like Taiwan back in the 90s, where Taiwan, if Taiwan wanted
- 31:07to declare independence, it we should have done it in the 90s
- 31:10because when we first democratized, I think we are
- 31:15about 150th or 160th of China's population, but we had like 40%
- 31:22of their GDP. Their military was completely
- 31:26useless and the United States could just completely obliterate
- 31:31them. And so that was the time, if the
- 31:35DPP was serious about Taiwanese independence, when they should
- 31:40have really pushed that agenda, right?
- 31:43Also, I think that would have been a great time for the KMT if
- 31:48they were serious, which they say they are about staying true
- 31:52to their Chinese roots to work out their differences with the
- 31:56Communist Party of China. Because that was the moment of
- 31:59maximum leverage and there was a lot on the table back then
- 32:05that's no longer on the table right now.
- 32:07That would have kept a lot more of Taiwan's autonomy, would have
- 32:12guaranteed a lot more of Taiwan's democracy remaining,
- 32:17preserved Taiwan's rights of free speech.
- 32:21Those things were not just on the table then.
- 32:23They were eagerly offered up by the other side in an attempt to
- 32:27court Taiwan into reunification. It would have meant so much for
- 32:33China back then in terms of everything that Taiwan had to
- 32:38offer. We ended up offering it in a
- 32:40back channel way anyhow because as trade and the economy started
- 32:44moving cross straits, even as politically we remain at odds,
- 32:50we begin like trading like crazy and we're we were often the
- 32:55preferred middle partner between American companies and Taiwanese
- 33:00and Chinese manufacturers in between.
- 33:02You need the Taiwanese layer of contract manufacturers.
- 33:07The crudest way I've heard this said by an American business
- 33:12person is we like it when we tell the Taiwanese what to do
- 33:16and the Taiwanese tell the Chinese what to do, and so
- 33:20Taiwan, that's a. That's a, that's a Foxconn
- 33:23model, right? That's basically a Foxconn.
- 33:25Model that was a Foxconn model and for years Taiwan got rich
- 33:30off that, but not as not in relative terms.
- 33:34China was starting from such a low base and growing so quickly
- 33:37that relatively power switched. The relative balance of power
- 33:42switch very quickly between the Taiwan Straits and the Taiwanese
- 33:46were no longer able to be a hard target for the Chinese anymore.
- 33:52I think Rand Corporation basically said in 2006 in a
- 33:58paper that according to their war games, they can't be
- 34:01convinced that America can actually, even if it's trying,
- 34:08can, can actually protect Taiwan in a cross Strait contingency,
- 34:12right. And eventually the Taiwanese
- 34:16layer in the middle, we were surprised Pikachu face.
- 34:20We were replaced and we thought it would could never happen to
- 34:24us, but it did. Now it's happening to the
- 34:27Americans. They realize, Oh my God, I
- 34:31thought the Chinese would always need somebody in Cupertino to
- 34:35design phones, and it turns out they don't.
- 34:38So now they're panicking. So we panic first.
- 34:42Now they're panicking. And the whole situation is one
- 34:46that could have been resolved in a more considered from a
- 34:54position of advantage with dignity on both sides.
- 34:59I feel like is now descending quickly into a game of
- 35:05scrambling when people realize all at once that's something
- 35:09that they thought was impossible is already happening.
- 35:14And now how do we resolve the situation?
- 35:18Yeah. I I'm I totally agree with you.
- 35:20Taiwan had a like opportunity of a lifetime during during the 90s
- 35:25to have a very a settled a, a settlement that's much to
- 35:31Taiwan's favor. But but at at that that moment,
- 35:34you have to remember in the 90s or even up to early 2000, this
- 35:39was the time of end of history. This is the time of the.
- 35:43End of history. And this was the time of Gordon
- 35:46Chan's coming class of China. So a lot of people did believe,
- 35:50I, I believe even the Taiwan top leadership believe that they
- 35:54just have to wait China out because there's coming class
- 35:56with China. We can, we can just wait them
- 35:59out. And, and so I think that's why
- 36:01they lost that opportunity. This is my my opinion.
- 36:05I, I think so. And I think status quo forever
- 36:10became the default belief of most Taiwanese because you have
- 36:16to understand they live their whole lifetime under the threat
- 36:19of Chinese invasion and it never happens.
- 36:22Like after a while you just become numb to it and you don't
- 36:29really think rationally about why it didn't happen in the past
- 36:35and what condition might have changed that might cause it to
- 36:38happen in the future. And I do notice this phenomenon
- 36:42that's really, really, really interesting and weirdly
- 36:47universal is people who make bad geopolitical calls often end up
- 36:54losing also their ability to self correct and they double
- 36:59down on the bad decision over and over again because almost as
- 37:03if facing up to it is too painful.
- 37:07And I think the bad decision in Taiwan's part is thinking that
- 37:12America will remain stronger than China forever, and thus
- 37:17Taiwan could enjoy status quo forever, kind of balancing
- 37:22between China and the United States and getting benefits from
- 37:26both sides. The way the metaphor I like to
- 37:29use is we are a little dinghy, like a little lifeboat, and
- 37:35we're attached to a much bigger mother ship that was the US.
- 37:39And we could rest on that dinghy and just kind of ignore like
- 37:43where it is we have to go because it it felt like it it
- 37:49was secure enough. And now we're at a moment in
- 37:52history where the cord has been cut.
- 37:56We are no longer attached to the United States mothership. the
- 37:59United States mothership is actually fighting for its own
- 38:02survival right now. So they don't have time to take
- 38:05care of us. And in that position, it's a lot
- 38:09different to argue for status quo forever.
- 38:13It doesn't mean you have to jump out of the lifeboat.
- 38:15I'm not advocating for reunification tomorrow.
- 38:18I'm not waving a red flag. And saying Long live the
- 38:23Communist Party of China. I'm not.
- 38:26I'm saying we are now in a situation where we are a
- 38:31lifeboat that's looking for land, looking for safety.
- 38:36And that has to happen now. There is no status quo anymore.
- 38:40For me, actually, I think what we're in now is a different
- 38:45phase of history. You.
- 38:46You have a very sensible position, but I'm sure your
- 38:51shift, your political shift has created a lot of shock and
- 38:55concern nation among, you know, your former associates, you
- 38:58know, did they did you get a lot of pushback and like Angelo
- 39:03Angelica, what are you doing? You know, why, why are you being
- 39:05a apologist for the CCP now? Why, why, why are you betraying
- 39:11the the cause of Taiwan? Did that happen?
- 39:15An insane amount of that happened.
- 39:17I was totally unprepared for what was about to happen when I
- 39:22came out. As a pragmatist on this issue,
- 39:27you have to understand this is not my first rodeo.
- 39:29I've I've kind of changed my mind a lot about a lot of things
- 39:33throughout my life. And I felt like I had to do that
- 39:35because I literally grew up between different cultures with
- 39:40different conflicting ideas of what's right and wrong, and
- 39:46they're constantly deluded into thinking that that is a
- 39:50universal and only right way to do things right.
- 39:54So you cannot have the ability to move in, move in and out of
- 39:58these cultures and truly be connected to them without also
- 40:05having the ability to make up your mind and change it once in
- 40:09a while. So I changed my mind, by the
- 40:13way, from offshore wind, being supporter of offshore wind, in
- 40:18fact, having that be my livelihood.
- 40:22And when I switched to the pro nuclear side, I had to bite the
- 40:26hand that fed me. And I had to basically, yeah, I,
- 40:33I backstabbed the offshore wind industry in the eyes of the
- 40:35offshore wind industry. But I thought I did it
- 40:38gracefully. I thought I did it with a lot of
- 40:41space for acknowledging people's hard work.
- 40:44And I did it with careful attention to say that no
- 40:50technology is good or bad. It's just suitable or
- 40:52unsuitable. And this is what went wrong in
- 40:55Taiwan's case. Not that offshore wind shouldn't
- 40:59exist in Taiwan, but it that it should be done better.
- 41:01And we shouldn't be so reliant on it because you literally
- 41:07don't know when the wind it's going to be blowing.
- 41:10So I did that, and I thought I did that really gracefully.
- 41:15There was, of course, there was always blowback, but I handle it
- 41:22no problem. And I thought I acquitted myself
- 41:25really well. I managed to keep a lot of my
- 41:27friends who were less ideological about their
- 41:31professions. So I thought, well, the same
- 41:34thing is going to happen, right? I'm just, I'm just updating a
- 41:37few priors, duh. The world's been changing.
- 41:39Haven't you noticed the Trump tariffs?
- 41:41I mean, I, in my mind, I, I thought my moves like every step
- 41:45of the way was perfectly reasonable.
- 41:49But it turned out there's a red line.
- 41:51And when you start saying nice things about China, you've
- 41:55crossed it. Like, you can acknowledge
- 41:56China's progress. You can acknowledge even how
- 42:01precarious Taiwan's position is, as long as you always couch it
- 42:07in terms of this is a terrible thing and we must remedy it.
- 42:13And we can remedy it. As soon as you start to
- 42:16acknowledge that maybe the gaps gotten too big to remedy, or if
- 42:22you even go further than that and say, wow, China's really
- 42:27impressive. They they've done some great
- 42:28things. And in the long run,
- 42:31reunification between China and Taiwan in a form that if we get
- 42:38good terms and get to actually negotiate terms, that allows us
- 42:44to keep the way of life that we're used to, it might not be a
- 42:48terrible thing. It's certainly a much better
- 42:50position than Ukraine found itself in, or even further than
- 42:55that. China could have turned Taiwan
- 43:00into an ashtray probably anytime after 2006, and the United
- 43:06States would have had limited means to do anything about it.
- 43:09But they didn't, because they don't want war, They still see
- 43:13us as their compatriots, and they really don't want a forced
- 43:20reunification. And that requires us, in order
- 43:25to keep the peace, to actually also reach out with goodwill and
- 43:32address their concerns. And if both sides kind of put
- 43:36their cards on the table, then we can settle it on the
- 43:39negotiation table and not on the battlefield.
- 43:45That is a very pragmatic position.
- 43:47And I, you know, before I only know, you know, another
- 43:51Taiwanese person, Shanghi, who I'm sure you know.
- 43:55Yeah. And I thought he was kind of the
- 43:57lone voice in the woods talking about having a better maintain a
- 44:03better relationship with mainly China and and being pro
- 44:05unification. But I did notice now now you are
- 44:08not alone. I mean, I there's a famous
- 44:10Taiwanese influencer, the gym boss who recently switched his
- 44:14position on the issue of cross Strait relationship and
- 44:20unification. Because I remember watching gym
- 44:22boss rant couple years back, I think during COVID time.
- 44:27And he was, he was saying, oh, yeah, like if the communists
- 44:31come here, we'll fight them on the beach, We'll fight them in
- 44:34the streets. We got guns, man.
- 44:37We got tons of guns. And and guess what?
- 44:39The Taiwanese youth today, they have nothing.
- 44:42They have nothing already. They have they, they they don't
- 44:44have a good job prospect. They can't afford the expensive
- 44:47housing. The only thing we have left is
- 44:50the ability to ship post online. And if you communists to take
- 44:54even that from us, we will fight you to the death.
- 44:57And I saw that and I'm like, wow, that guy is so close.
- 45:02He's so close and and. Then and then a few year and
- 45:06like a couple years later, he suddenly flipped and he he's now
- 45:11like touring the mainland and, and, and telling his followers
- 45:15how great, you know, how impressive the mainland China
- 45:18infrastructure is. Do you think that there's a
- 45:21larger shift going on? I mean, absolutely.
- 45:25Absolutely. My change did not happen in a
- 45:28vacuum. I like to tell my Twitter
- 45:30followers sometimes it's not that Angelica just suddenly
- 45:33decided freedom and democracy is bad.
- 45:37I am the the Canary on your Twitter timeline telling of a
- 45:43greater political change that's happened in is happening at
- 45:48rapid speed in Taiwan. And the change is happening
- 45:53again because of wider global changes that we've seen that's
- 46:00happened in the past few years very, very quickly.
- 46:03In a way, if Ukraine is the physical battlefield where the
- 46:12West is testing itself against the rest, Taiwan is the
- 46:16invisible ideological battlefield where the same thing
- 46:22is happening. Three factors, the rise of
- 46:27China, the banditization of America, and Taiwan's own
- 46:37stagnation. I think those are the three
- 46:39factors that is causing this political earthquake that we are
- 46:46still convulsing through right now.
- 46:49Outsiders don't see it because they stick to the English
- 46:53language media, and the English language media is completely
- 46:59aligned with the DPP view of events.
- 47:01So it's always oh why it's KMT being so awful.
- 47:05Look, there are protesters on the street because the KMT is
- 47:09being so awful and they'll never get the full story from the
- 47:15other side because they'll simply delete it before they
- 47:20even read it, if they get to read it, if it's written about,
- 47:24which it isn't in the western press.
- 47:27And then they're really surprised when things don't line
- 47:29up with their expectations. Don't take it out on me.
- 47:32This is like all of Taiwan. Or if not all of Taiwan, I would
- 47:37say a lot of the the middle voter who used to be more
- 47:43sympathetic to the DPP and pro status quo forever.
- 47:49A lot of them as suddenly remembering, Gee, we're Chinese
- 47:53or China's actually not doing so bad.
- 47:54And especially the Gen. Z's.
- 47:57They grew up never experiencing the Cold War mentality.
- 48:03They grew up when China was already like, not doing bad
- 48:08economically and rising quickly in, in, in terms of the economy
- 48:14and in the age of unprecedented, I'll say relative lack of
- 48:22opportunity in Taiwan because you have to understand, wages
- 48:26have been stagnant for decades here, but housing prices go up
- 48:32every year. Before I was born, my mom was a
- 48:37real estate agent. And the real estate boom in the
- 48:4180s was so potent that she sold houses out of the apartment
- 48:48project before they were even complete, right?
- 48:51She'll just point, she'll just point at a model of what this
- 48:56project's going to look like. And she'll take people into a
- 49:00model of the apartment and say, this is what your apartment will
- 49:04look like. And people bought off the back
- 49:07of that because they were so eager after they were built
- 49:14their own factory, got their own, got their first bucket of
- 49:18gold. As we say in Chinese, when you
- 49:21get your first bucket of gold, you know what Chinese people
- 49:23like to do? They like to buy their first
- 49:25piece of real estate and then they like to buy more and then
- 49:29they go up in value. So they keep buying more and
- 49:31more and more and more. And this is so fantastic.
- 49:35Good for you if you were doing that in the 80s, nineties, the
- 49:41naughties, whatever it it just keeps going up, right?
- 49:44You, you, you pay more and more for it, but then it it you
- 49:48always end up the winter. It's like a casino where it's
- 49:51just like, let me keep betting on black because it's always
- 49:54coming up black. But it's not so good if you're a
- 49:59young person and you graduate into a stagnant wage environment
- 50:06and then you realize, damn it, there's no way I can afford to
- 50:11buy an apartment. I'm going to have to live with
- 50:13my parents forever. People put off major life
- 50:16decisions, marriage. People don't dare have kids
- 50:20unless they feel like they can put a roof over their own heads.
- 50:24So you have a generation that sees the rise of China and look
- 50:29back at Taiwan and see not the thriving rainbow boba democracy
- 50:39world beating TSMC state that everybody else sees.
- 50:42They see like no hope, no hope for the future, no hope of ever
- 50:47getting on their feet be independent.
- 50:50And even if their mom bought them their first apartment or
- 50:54whatever like that, they they never feel like they can truly
- 50:58be their own person. They feel like their future is
- 51:04like that. Imagine that the ceiling slowly
- 51:08lowering on their on Taiwanese potential generation after
- 51:14generation as housing prices get higher and higher.
- 51:18I've heard somebody describe rising real estate prices as a
- 51:22tax on future generations, and I think that's very apartment,
- 51:25yeah. I, I see so much parallels
- 51:30between Taiwan and the West, in particular United States.
- 51:34I mean, like the Gen. Z in US is facing the same bleak
- 51:39economic future, the same rising housing prices and, and same
- 51:45anemic job, job market. And, you know, because both of
- 51:49these places are practicing liberal neoliberal economics.
- 51:54But the, the, the, the, what I see in United States, though, is
- 51:57like the US voters are so demoralized, you know, have
- 52:00there been cheated by their politicians who promised change,
- 52:05you know, first Obama and then then Trump.
- 52:09Do you think, do you think it would turn out different for
- 52:11Taiwan? Do you think that there will be
- 52:13actually lead to political change in Taiwan?
- 52:16I think it already has. I really want to mention the how
- 52:22extraordinary it is that the KMT elected somebody like John Lewan
- 52:31to be their leader because she's actually somebody who's
- 52:36determined to get cross Strait peace done.
- 52:39And she will say things like, I aim to extend peace between the
- 52:48two sides of the Taiwan Strait. And the first step to doing that
- 52:50is resolving the past conflict between the Nationalists and the
- 52:58Communists. And that doesn't sound like
- 53:02much, but it cuts to the truth, right?
- 53:06We were two sides of the civil war.
- 53:08We, the Republic of China, was the losing side of a civil war.
- 53:14And the reason why we were able to survive until now is US
- 53:19support, right? And the US supported us not out
- 53:24of the goodness of their own hearts, but because we are a
- 53:28valuable geopolitical Borg, kind of a little thorn in China's
- 53:33side that they can push or withdraw as it befitted the rest
- 53:40of their plans geopolitically. Actually, I think the older
- 53:45generation of KMT have more realism about that part that we
- 53:49are a part of their battleship system because they know that
- 53:56they know how we were choked back.
- 53:57I, I think at one point Chiang Kai Shek was getting quite
- 54:01adventuresome and a lot of a lot of all that white terrorist
- 54:07stuff. It's just your typical Cold War
- 54:10fascist versus communism stuff, right?
- 54:13And not only did the, the US, no, not only did the US, they
- 54:22initially wanted to just abandoned Taiwan, but I think
- 54:25they realized that Korea did so badly that they needed another
- 54:29check on China. So they scurried back and and
- 54:35defended us. It was a a process of of
- 54:37repeated and kind of undignified abandonment and rescue, right?
- 54:48I think I'm reading a book right now called Derecognition, and
- 54:52it's written by the plucky head of the American Chamber of
- 54:57Commerce at the time when derecognition happened under
- 55:00Carter. And I think people forget that
- 55:03when Carter derecognized Taiwan, he very much assumed the people
- 55:08in his administration and in general very much assume that
- 55:12would be the end of free China. You have the pathetic history of
- 55:20Taiwanese people flagging down random American businessmen in
- 55:24the streets of Taipei asking for assurances.
- 55:28We are not really abandoned, are we?
- 55:32And the the blow of the recognition was softened by the
- 55:38Taiwan Relations Act that was very much lobbied by this head
- 55:43of M Cham at the time. And he made a real difference
- 55:48in, in pushing for it. Maybe.
- 55:50I mean, that's his book, so his point of view, But but you see a
- 55:54lot of a lot of uncertainty in there.
- 55:59I guess that's the beginning of strategic ambiguity, right?
- 56:02But so the the old school KMT remember the betrayals of the
- 56:06past, but the DVP in a way they they don't.
- 56:10Maybe their top level leadership does, they realize the game
- 56:14that's being played. But their rank and file
- 56:16believers are naive. They've never lived through
- 56:21derecognition. They never lived through as a
- 56:24KMT did, like our nuclear weapons program being taken away
- 56:30from us by the Americans. The KMT experienced all those
- 56:34things as betrayals. But for the DPT, you know, they
- 56:40didn't even exist or they were too busy fighting the KMT.
- 56:45Oh, by the way, interesting. Fun fact, a lot of the founders
- 56:47of the DPP were actually communist synthesizers and they
- 56:52only got like kicked out of the DPP later when they decided that
- 56:57Taiwanese independence was going to be their big thing.
- 57:01Yeah, well, this has to be a fascinating, fascinating
- 57:06conversation. And I, I, I, I hope to have you
- 57:09back because this is still an ongoing story.
- 57:13And, and you know, like there's a lot of eyes right now focus on
- 57:17Taiwan and there's a lot of misunderstanding.
- 57:19You know, you have all these BBC alarming articles about Taiwan
- 57:24being the most dangerous place on the world.
- 57:26I think that. Was the Economist like 3 years
- 57:29ago? But yeah, that's the tenor.
- 57:31That's the tenor of the reporting and that's the level
- 57:34of the reporting. And actually, I, I see it as
- 57:37kind of a tentative good sign that the number of news articles
- 57:41written about Taiwan has fallen off markedly since the COVID
- 57:45peak. I think that was the peak of
- 57:46Taiwan, the most dangerous place in the world hysteria.
- 57:50I think actually the the reunification threat, the arm,
- 57:58the sort of forced reunification threat has only increased on
- 58:03China's side as they become more confident in themselves.
- 58:08They face the US down in a tariff war and they really
- 58:16powered up their military so much that we can see in in
- 58:20recent events, not that they fought in any wars, but they
- 58:24were there were there were there are signs that their military is
- 58:28getting so powerful that the United States probably wouldn't
- 58:32be wise to try and confront them in their own front yard.
- 58:36So yeah, definitely keep an eye out.
- 58:40I would really encourage people to keep an eye eye out on Jadi
- 58:45one and the discourse around her.
- 58:48To me, she and Jim Boss are two people that might have changed
- 58:53the course of the whole conversation that we're having.
- 58:57It's it's always a question, right?
- 58:59Do people like that arrive because the pressure in history
- 59:04reached a certain level or do they shape history?
- 59:08I don't know, but I think they definitely shape short term
- 59:11history. I don't know if long term, like
- 59:14history was always going to go in one way or another.
- 59:16I prefer to think that we have the ability to shape history.
- 59:20I believe that the World War One wasn't inevitable.
- 59:23World War 2 wasn't inevitable. The war in Ukraine was not
- 59:28inevitable, but it is very, very hard when you have those
- 59:33historical forces moving in a certain way to be wise enough to
- 59:39avoid war. And it takes work and it takes
- 59:43to to dissolve historical grudges that are aged decades in
- 59:47the making It it requires a certain kind of ability to rise
- 59:53above, right. Otherwise you're always stuck.
- 59:56You're always stuck in the conflicts of the past.
- 59:59But. If Taiwan can do it, it will be
- 1:00:04pretty amazing. It's pretty much the equivalent
- 1:00:06of hitting the geopolitical jackpot.
- 1:00:09Imagine being like America's ally, loyal little brother in
- 1:00:14the Pacific for 8 decades, right?
- 1:00:17We benefited a lot from that. We got rich from that early.
- 1:00:22And then in 2025 to 2035 or whatever we're calling this
- 1:00:28period, if we can slowly, safely and in a way that doesn't
- 1:00:34compromise our core values, what we seek out of life.
- 1:00:41If we can instead join to become not just a part of Team China,
- 1:00:46but a part of China itself as it rises to become the richest,
- 1:00:51most powerful geopolitical actor, not just in this region,
- 1:00:55but perhaps even in the world. That's like Yahtzee.
- 1:00:59That's like definitely. I mean, to put it in very
- 1:01:03mercenary terms, that's, that's, that's not something to mourn.
- 1:01:09It's something to celebrate. Unfortunately, it's also very,
- 1:01:13very hard. And I think there are forces
- 1:01:16working in both directions on this island right now, which is
- 1:01:19why it's so chaotic. But nobody's talking about it.
- 1:01:22Well, that's why we're going to have you back.
- 1:01:25This is. Fascinating, fascinating
- 1:01:27conversation. I'm glad I had you on the show.
- 1:01:31It's always refreshing to have to talk with the intelligent
- 1:01:34person from a perspective of Taiwan, you know, rather than
- 1:01:39having some white people talking about Taiwan.
- 1:01:42That's the most dangerous place. So thank you very much again,
- 1:01:45Angela, if people want to follow you on social media or
- 1:01:49elsewhere, where would they go? Well on Twitter you can just
- 1:01:54follow me at Angelica own. I would highly recommend doing a
- 1:01:57web search for typology, TAIPOLOGY and either on YouTube
- 1:02:06or on Google. You'll probably come up on my
- 1:02:09sub stack or my new YouTube channel.
- 1:02:12Eventually I hope to turn the content of my YouTube channel
- 1:02:16into a podcast too, like on Apple and whatever.
- 1:02:20Maybe Carl can give me some tips on that?
- 1:02:22What is the name of your YouTube channel?
- 1:02:25Just typology. Typology.
- 1:02:27Yeah, type it in typology. Like typology?
- 1:02:30As in, like Taipei apology. Yeah, just TAIPOLGY, I'll.
- 1:02:35Put the I'll put the links and description in the description
- 1:02:38below. Links to your Twitter page, your
- 1:02:40sub stack and your YouTube. So for people that wish to
- 1:02:44follow Angela, make sure to check those links.
- 1:02:47She has very interesting insight on Taiwan and this relationship
- 1:02:52with China and United States. Highly, highly recommend.
- 1:02:56Thank you very much for making the time to speak with us and I
- 1:02:59would definitely looking forward to our next conversation.
- 1:03:03No problem, it's been a pleasure and I can honestly say I never
- 1:03:06thought I'd be in the situation, but here we are.
- 1:03:11Yeah, it's well, I I think on on that note, thank you for tuning
- 1:03:16in everybody. Until next time, bye bye.
- 1:03:19Bye bye.