jacob viner, who was a giant in chicago years ago, power versus plenty. is it a mercantile age?k this nascent mercantile cycle that we see coming out of president trump, and frankly out of the populism we see in this slow growth? kate: populism is here to stay globally. we are seeing this evolution in trade, evolution in international relations. going back to my chicago days, i actually wrote my graduate work on how capital is allocated in china much differently than in emergent economies or japan. how they think about data, culture, how they think about sharing and social connections. tom: they don't do the microeconomics of professor currie, do they? kate: change is the way they operate, and i think we need to recognize china has not developed in the way that the west may have expected in the post-wto era, and that is really shaking up the relationship. that is not going anywhere in 2019 or onward. there is just now a reality we face this change. francine: are the markets really equipped to try and deal with populism? it seems every time there's a populist headline, the market