HMMM: Yes to free trade; no to industrial policy. There's much food for thought here, so much so that I'm ambivilant about drawing any conclusions.

One (partial) conclusion though that I think is safe: no country can ever allow itself to rely solely on any another country for sustenance; each must retain a minimum 'stockpile' (if you wish to call it that) of resources and capabilities to sustain itself in time of need.