Re: What about demand?
This is capitalism working fine.
Somebody wanted market share ( Huawei ) so they sold their products at below cost. Lovely for us consumers. The Chinese army paying for our 5G. Because of this, nobody else bothered because why compete with below cost?
The problem wasn't with capitalism. The problem was in government trade policy. Do we want to buy this from the Chinese government?
The answer was yes, fine. If the answer was no, competitors would have sprung up who wouldn't have to compete with Huawei.