3 ms·

Sanctions have never worked against Russia and they're now in a better position to resist them than ever before. So in the spirit of pure conjecture, some of my

Sanctions have never worked against Russia and they're now in a better position to resist them than ever before. So in the spirit of pure conjecture, some of my own: likely outcome is a reworking of the global economy. There will be the NATO bloc and the China-Russia bloc. It isn't impossible that there will be targetted trade deals between the two superblocs in 5-10 years. On a tech related note any country not making plans to repatriate all critical internet infrastructure ala China is basically trolling themselves. I wouldn't be surprised if we saw peering agreements between China and Russia, sort of an expansion of the great firewall, especially if sanctions persist. As for clean technology.. lol. In my opinion the US and Canada are not serious about it. Germany has been making the wrong moves when it comes to renewables, and they're the largest EU economy.. So the chance of this affecting that seems small, but who knows. The energy crisis that is coming soon to the EU may change that.

spaetzleesser 5y ago
I think there will be a new Cold War, this time Russia/China vs the West. This may not be a bad outcome. I think it will be good for the average citizen of developed countries in a lot of countries if globalization gets slowed a little. We traded cheap crap for a big increase in job insecurity and rising inequality.
- tablespoon 5y ago
  > I think there will be a new Cold War, this time Russia/China vs the West. This may not be a bad outcome. I think it will be good for the average citizen of developed countries in a lot of countries if globalization gets slowed a little. We traded cheap crap for a big increase in job insecurity and rising inequality. I agree. Globalization has had a lot of economic and social negatives (e.g. selling your fishing rod to buy a fish), and it's delusional at this point to think it will do anything to address the deep political differences and fundamental rivalries that exist between the blocs. There's probably a lesson somewhere in this about keeping economists on tighter leashes.
  - somewhereoutth 5y ago
    Globalization is as inevitable as time - it is the direction of civilization. Every day the world gets smaller, and the actions of each of us affect an ever increasing number of people as our connectedness increases. The project of the new millennium and its generations will be to deal with this in a humane manner.

spaetzleesser 5y ago

I think there will be a new Cold War, this time Russia/China vs the West. This may not be a bad outcome. I think it will be good for the average citizen of developed countries in a lot of countries if globalization gets slowed a little. We traded cheap crap for a big increase in job insecurity and rising inequality.

tablespoon 5y ago
> I think there will be a new Cold War, this time Russia/China vs the West. This may not be a bad outcome. I think it will be good for the average citizen of developed countries in a lot of countries if globalization gets slowed a little. We traded cheap crap for a big increase in job insecurity and rising inequality. I agree. Globalization has had a lot of economic and social negatives (e.g. selling your fishing rod to buy a fish), and it's delusional at this point to think it will do anything to address the deep political differences and fundamental rivalries that exist between the blocs. There's probably a lesson somewhere in this about keeping economists on tighter leashes.
- somewhereoutth 5y ago
  Globalization is as inevitable as time - it is the direction of civilization. Every day the world gets smaller, and the actions of each of us affect an ever increasing number of people as our connectedness increases. The project of the new millennium and its generations will be to deal with this in a humane manner.