Tuesday, June 14, 2022

War in Ukraine: Economics versus morality

 As the consequences of Russia's invasion of Ukraine continue to expand, major disruptions of food and energy supplies threaten economic stability across the developed world, and actual survival across the Global South. Areas that were under stress are now under much more stress. This will only get worse as the war drags on, and Russia refuses to back down from its unprovoked and immoral act of violence against a neighboring nation.

Vladimir Putin's greed for power drives the nation that he leads to act as his machine to sow chaos for the gain of a wealthy minority. Did Putin know that his forces would not have to sweep to easy victory in Ukraine to generate the leverage that he now enjoys? As long as the war lasts, Russia's power will only grow, because of the strategic importance of Ukraine as a food supplier, and Russia's position as a key player in the fossil fuel economy. The fossil fuel economy still has a choke hold on the world.

From a moral standpoint, the rest of the world should stand united in support of Ukraine against Russia's brutal war of conquest. From an economic standpoint, the rest of the world will see an almost immediate -- though temporary -- improvement in conditions by ceding Ukraine to Russia, perhaps even throwing support behind the old empire's second-rate military to help overrun Ukrainian resistance. As deplorable as Russia is, at least the rule of an authoritarian empire provides a single, known entity to build a strategy against. Think of how wonderfully simple everything seemed during the Cold War.

The United States has already suffered moral damage as our desperation for petroleum has driven us to make amends with Saudi Arabia. The Biden administration had made admirable efforts to recognize the abuses of the Saudi regime, for the murder of Jamal Khashoggi, and the war in Yemen. Now we are abandoning that stance and kissing up for oil. Stick a bigger flag on your pickup truck for that one.

What do you think? A long, expensive, bloody struggle lasting years and years to uphold the sovereignty of Ukraine and the continued rise of democracy in the world, or cheaper gas and food and shame that will follow us all the rest of our lives? Having chosen petroleum over virtue, those lives will be shorter in any case. The improvements really will only be temporary, as the climate finally goes out of control, and famine and drought envelop more and more of the earth's surface.

The climate collapse gains momentum in either scenario, as we neglect measures to mitigate it because our focus is on the delicate balance of a limited war with an erstwhile superpower or we hit the accelerator with our newly refueled big trucks and motorized toys. War is environmentally devastating, but our consumer version of peace and prosperity is also environmentally devastating.

The best answer would be for Russia to suddenly shake its head and back out of Ukraine with profuse apologies. That ain't happening. We have to figure out in a hurry whether the less worse prospect to reduce global threats is to throw Ukraine to the bears and deal with imperialist Russia or to ratchet up support for Ukraine's defense and hope that it drives Russia back to its borders sooner than later.