MCViewPoint

Opinion from a Libertarian ViewPoint

The US-Led World Order Is Faltering… Here’s Why It’s Bad News for Europe

Posted by M. C. on September 14, 2022

by Chris MacIntosh

The effect on the West of U.S. sanctions and military operations against Russia has been to lock Europe into a political and economic Iron Curtain of dependency on the United States, while driving Russia to form closer ties with the US enemies, namely China and Iran.

It is so myopically and comically stupid that only bureaucrats in their ivory towers suffering massive hubris, at the tail end of the Empires days could think such a strategy had any merit whatsoever.

The sanctions against Russia have accelerated the fragmentation of systems while backfiring spectacularly. Consider that India is now buying Russian oil, then exporting it to Europe – at a premium. China is buying Russian crude, refining it in China, and selling it to Europe – at a premium. And the head-choppers (Saudi’s) are buying Russian oil, swapping it out for their own and selling theirs to Europe – at a premium.

Europe is the loser in all situations. They still get Russian energy, they just pay far more for it, eroding their own manufacturing competitiveness, while sending Europeans’ capital to Riyadh, Beijing, Delhi and Moscow for the privilege. Swaps on oil within OPEC are already taking place and will continue.

The effect on the West of U.S. sanctions and military operations against Russia has been to lock Europe into a political and economic Iron Curtain of dependency on the United States, while driving Russia to form closer ties with the US enemies, namely China and Iran.

It is so myopically and comically stupid that only bureaucrats in their ivory towers suffering massive hubris, at the tail end of the Empires days could think such a strategy had any merit whatsoever.

So not only do these sanctions destroy Europe economically, while pushing US enemies closer together but they will inevitably cause Europeans to hate the US…

Take. Viktor Orban, Hungary’s prime minister, who accurately said that Brussels has “shot itself in the lungs” with its sanctions.

But for Europe, it is obvious that it is too late. 

See the rest here

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