The Ukraine War is today’s most important geostrategic issue. Along with capital flow/investment, trade and profit, it’s impacting the global dominance map. At the end of the war, significant changes in geopolitics will appear. Different parts of world capital are behaving/moving in different ways; and a few parts are interacting with, pushing/pulling each other, at times, in antithetical ways. This is significant, and also dangerous for the world comity.
Jeffrey Sachs, 68, director of The Earth Institute at Columbia University and a member of the Pontifical Academy for Social Sciences, played a leading role in advising the Kremlin’s economic policy in the early 1990s. In a recent interview (Sachs: “On Ukraine, Joe Biden doesn’t want to compromise”, https://www.corriere.it/politica/22_maggio_01/sachs-joe-biden-doesn-t-want-to-compromise-67c95d0a-c8a1-11ec-85c4-7c8d22958d02.shtml, © RIPRODUZIONE RISERVATA), Jeffrey Sachs discussed the war in Ukraine, its background, the US approach to Russia and Ukraine, sanctions imposed on Russia, Russia’s position, and attaining peace in Ukraine. He said: “The big mistake of the Americans is to believe that the NATO alliance will defeat Russia.” Jeffrey Sachs finds US’ “tragic mistakes” regarding Russia.To him, the US forgot Keynes’s lesson on the long-term costs of humiliating a defeated enemy.Read More »