Geopolitical Research
Where industrial policy, security alliances, and capital flows intersect. Geopolitical research on EU dirigisme, Taiwan risk, semiconductor concentration, and the five-bloc world order.
France as a Macro Contender: Dirigisme, EU Institutional Capture, and the Five-Bloc World Order
France has used the EU as a power amplifier, not a constraint. Across agriculture (CAP, ~€9B/yr), energy (nuclear carve-out, 70% domestic electricity), defence (Rafale, Thales, Safran, Naval Group), aerospace (Airbus, Toulouse), financial regulation (post-Brexit Paris dividend), African monetary policy (CFA franc, 180M+ people), and AI (Mistral), France has systematically shaped EU rules to extend domestic industrial positions no other member state has matched. A full world-order comparison against US/AUKUS/Israel, China, and India. OVERWEIGHT French nuclear industrial complex and EU institutional beneficiaries; UNDERWEIGHT Françafrique resource exposure.
Read ReportThe One Company Country: How US Security Guarantees Built Industrial Monopolies — and Why That Is Now a Liability
Cold War security umbrellas in Japan, Taiwan, and South Korea permitted radical underinvestment in defence and concentration of capital in industrial champions. Japan captured ~80% of global DRAM by 1988; TSMC now controls ~90% of advanced logic foundry; SK Hynix holds ~50% of HBM3E supply. The pattern has inverted: the US cannot withdraw its security guarantee from Taiwan because TSMC is irreplaceable. Full analysis of the One Company Country thesis, Japan’s hidden materials monopoly, the TSMC hostage problem, HBM concentration risk, and investment implications across the forced diversification trade.
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