Plain English with Derek Thompson Why It Seems Like So Many Countries Are Falling Apart
Jul 22, 2022
Ian Bremmer, a political scientist and founder of Eurasia Group, explores the tumultuous state of global politics. He discusses the chaotic impacts of the Russia-Ukraine war on global trade and Europe's economy. Inflation and crises in Sri Lanka, Turkey, and El Salvador highlight vulnerabilities in developing nations. Additionally, Bremmer delves into China's COVID-19 mismanagement and India's shifting energy policies. This geopolitical landscape suggests we are at a historical crossroads, signaling both an end of an era and the dawn of something new.
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Euro Crash and European Vulnerability
- The Euro is crashing due to global instability and a flight to quality, making the US dollar more attractive.
- Europe's vulnerability stems from its dependence on Russian energy, exacerbated by the ongoing war and sanctions.
UK and Italian Political Instability
- The UK's political instability is primarily due to Boris Johnson's domestic scandals and Brexit's economic consequences.
- Italy's instability is linked to economic challenges and the diverse governing coalition, impacting Mario Draghi's leadership.
Germany's Energy Crisis
- Germany faces a potential recession due to gas shortages and the coming winter.
- Despite efforts to diversify energy sources, Germany remains vulnerable to Russian gas disruptions.
