Foreign Affairs
The Inevitable Winner of the War in Ukraine No matter how the war ends, high finance will win.
(Wachiwit/Shutterstock)
โPay no attention to that man behind the curtainโย
โOz the Great and Terrible
As war shakes Eastern Europe, combatants on both sides have suffered heavy losses. Despite Ukraineโs tenacity and its latest battlefield gains, a long-term victory will likely be pyrrhic at best. Likewise Russia has acquired new NATO candidates on its northern flank and is burning through resources while its economy contracts. Watching the confrontation unfold it is difficult to envision how...