This article by VISHWAS SATGAR was earlier published in the Daily Maverick, South Africa, Satgar has written for Kafila on earlier occasions.
Vladimir Putin’s regime, unlike Franco, Mussolini or Hitler, has a formidable nuclear arsenal. In this context, the contemporary world stands on the brink, facing extinction either through nuclear holocaust emanating from battle fields in Ukraine or worsening the climate crisis, while in our everyday lives prices for food and fossil fuels are skyrocketing.
Precariousness, uncertainty and complex risk have become the lived reality of deep globalisation in which markets for finance, energy, food and production have been integrated.
The fragility of this global economy was exposed in the “great financial crisis” (circa 2007-2009) from which the world economy has not recovered, by the ongoing Covid-19 pandemic, and now by the Russian invasion of Ukraine. These realities cannot be understood through simple memes, propagandistic binaries or abstract security concepts.