Vladimir Putin, the Russian president, has 100,000 troops massed on the border of Ukraine.
Will he invade?
Ukrainian President Volodymyr Zelensky is less enthusiastic about the prospect, but perhaps that’s because, according to some reports, Biden warned him that Russian troops might “sack” Kyiv.
If we had some competent leadership in Washington, I would say that was a hysterical overreaction.
If.
In any event, I wouldn’t be surprised if it was pretty chilly in Europe this winter.
Quite apart from the massive Russian troop deployment on the Ukrainian border, there’s also the massive Russian intimidation of Europe over the question of energy in the form of natural gas.
Europe needs it. Russia has it. Did you really want to suggest Ukraine join NATO, comrade?
What if Russia turns off the gas?
It’s a thorny and multi-faceted situation.
In other words, both sides hold some powerful cards.
Russia has gas, but Europe has money.
“What,” Templeton asks, “if Europe stops paying, not now, but in the spring, when it has 6 months before winter to reconfigure to use imported LNG and other sources, reboot their shuttered nukes, install more renewables, and turn up all the non-Russian fossil fuel it can get its hands on?”
The scenarios run from depressing to scary to apocalyptic.
But, of course, it’s not only in and around Ukraine that things are going swimmingly.
Remember ISIS? Donald Trump all but destroyed it.
Remember, Biden was supposed to restore a sense of “normalcy.”
As Reynolds said, “It’s only a ‘return to normalcy’ if you consider the Carter years normal.”
Like “The Little Engine That Could,” those ships had all the toys for the boys and girls on the other side of the mountain, and if they couldn’t make port, get unloaded, and have their wares distributed, there would be many unhappy people waiting for their cars, dishwashers, televisions, and computer chips.
It isn’t clear, however, that the people who service the giant maw of the American consumer are quite so determined as that little engine.
“Supply chain” seems like such an abstract concept.
Until you go to your local grocery store and encounter bare shelves.
Where is that laundry detergent you favor?
How about those paper towels? The sports drinks? The beef?
Things are going so swimmingly in so many areas of life that it’s time to dust off that famous observation from science-fiction writer Robert A. Heinlein.
“Advances which permit this norm to be exceeded—here and there, now and then—are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.”
“This,” Heinlein remarks, and you can see the knife twisting, “is known as ‘bad luck.’”