In this issue:

• TikTok: Build/Buy/Ban

• Onshoring in India

• The China Model Outside of China

• Tech Sees Like a State: Elections and Misappropriation

• Unbundling Equity Research

• What Intel can Learn from Intel

• “Asset Class Arbitrage”

• A New Asset Class

• Robots and Monopolies: Cause or Effect?

TikTok: Build/Buy/Ban

Every company faces a Malthusian process: the better it is …