Financial analysts Michael Hudson explains why Western economic self-interests have been replaced by national security overrides even though both the U.S. and European economies would be far better off avoiding a conflict with Russia or China altogether.
“Economic logic provides that the U.S. (and European) economy would be better off by avoiding a conflict with Russia and China. But, as Micheal Hudson explains, this now gets overwritten by national security preferences which have remarkable consequences:
‘Instead of isolating Russia and China and making them dependent on U.S. economic control, U.S. unipolar diplomacy has isolated itself and its NATO satellites from the rest of the world – the Global Majority that is growing while NATO economies are rushing ahead along their Road to Deindustrialization. The remarkable thing is that while NATO warns of the risk of trade with Russia and China, it does not see its loss of industrial viability and economic sovereignty to the United States as a risk.
Governments are expected to support their economy’s leading business interests. So we are brought back to the question of whether economic factors will determine the shape of world trade, investment and diplomacy’”. -Moon of Alabama
By joining America’s crusade to destroy the Russian economy, NATO member states have already seen Ukraine deplete their arms inventories.
And, given the endless prolongation of the Ukrainian conflict, an increasing number of European nations are likely to decide to cut their collective losses by starting the push for a Russian-Ukrainian armistice agreement.