While the war [in Ukraine] is of huge importance geopolitically, it would, however, be misleading to overstate its economic effects, given all the other enormous economic challenges already in place. For example, the Financial Times claims that the war has ‘shattered hopes of a strong global economic recovery from coronavirus’. But this implies that a strong recovery was already on the cards. There has long been a prevalent complacency that ignores the fundamental atrophy afflicting most advanced industrialised countries. War or no war, the high debt and weak investment common to many Western economies are likely to mean a continuation of the sluggish growth of the past decade.
High debt, weak investment, and weak growth are only part of the problem we face but the author’s views are helpful nonetheless. Anything and everything that calls attention to some aspect of the neurtered, crippled, not-so-aimless, globalist, statist rush to elite rule and denigration of Western civilization is all good.
But atrophy we have in spades and all the best and the brightest have engineered for us is anarchy, thugs in the street, a joke electoral system, and a slick jettisoning of the rule of law and our Constitution. A functional, resilient, adaptive economic order is not part of their agenda, at least if you accept that people intend the natural consequence of their acts.
 “The End of the Age of Globalisation. How Russia’s invasion of Ukraine could hasten the demise of the US-led economic order.” By Phil Mullan, LewRockwell.com, 3/15/22.