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Cake day: April 4th, 2024

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  • What would be the alternative? One consequence of the so-called ‘multi-polar world’ will be a limited flow of capital between different blocs, limited cross-border investments across multiple industries, which might lead to market fragmentation and a divergence of technical standards. We could see degrees of globalization we had back in the 1990s.

    Countries like Russia don’t seem to care about international law (or they care only if it is in their favor). This summer, some officials also discussed the seizure of China-owned infrastructure in Europe regarding Beijing’s support for Russia in its war against Ukraine. Russia and its allies will remain a threat to democracy which is their only real enemy. Russia won’t stop with Ukraine if they get what they want.

    So, what’s the alternative?