The economic world war has just begun
Although I know that in reality war cannot be stopped by singing on the battlefield. The war is not really exciting. Stephen Spielberg showed only the first 20 minutes of his Saving Private Ryan movie, Horror, to show how terrible the war is, that war does not spare any singer, hero, writer or child.
This world has never been without war. However, the return of the war to Europe after World War II through Russia's invasion of Ukraine is a big event.
Whether the third world war will happen or not, the question can be said with the head in mind, the war that has started now — is it the first economic world war?
The Economy of War and the Great Illusion
In any discussion of the war in the modern world, the book The Great Illusion comes to mind. It was written by Ralph Norman Angel, a British journalist, politician, author and pacifist. The book was published, of course, in 1909.As Norman Angel wrote, the economic damage of a war is so great that no one who starts a war actually benefits in the end. Rather, the outcome of the war will be catastrophic. For this reason, it is generally said that war in Europe will not last, but it will not last long. Because war is economically and socially irrational. And the war between the industrialized countries is more futile. Even if you win, you will not get money from it. So if anyone thinks that a nation can benefit from war, then that is the real 'Great Illusion' Norman Angel thought that the interdependence of economies between the industrialized nations would be the real defense of the good behavior of one state towards another. Because it would be economically detrimental to all countries involved in the war. "
The cover of The Great Illusion, 1933 edition
The cover of The Great Illusion, 1933 edition. The book is still famous for many reasons. This is a great guide book, especially on the policy of establishing relations between one country and another. The book caused quite a stir when it was published. However, within a few years, when the First World War broke out, Norman Angel came under a lot of criticism. Proponents of her case have been working to make the actual transcript of this statement available online.
As a result, the war did not stop. So everyone agrees with the importance of Norman Angel's statement. As a result, six editions of the book were published in the 1930's, and in 1933 he was awarded the Nobel Peace Prize. Even then, Norman had to watch another world war in his lifetime. It also changed his thinking a little. Before World War II, he was concerned about German fascism, and with the end of the war, he was concerned about the rise of the Soviet Union and socialism. As a result, after the Second World War, when the Western countries wanted to form a military alliance, he strongly supported it. The North Atlantic Treaty Organization (NATO) was formed in 1949. Norman favored it because he was in favor of building a unified security system.
The pros and cons of war
Norman Angel died in 1986. The Soviet Union has collapsed. Russia is now a separate state. No pro-Soviet Warsaw Pact as a counter to NATO. Again, as he thought it would not be right to engage in war because it would not be economically profitable, it was not entirely correct. The question is how much the Iraq war is for military purposes and how much to increase oil rights. The United States has long held the position of the world's number one economic power. China is challenging that place. As a result, the United States has been embroiled in a trade war with China for several years. Russia is no longer a major economic power. But the big military power. After launching a military offensive in Ukraine, the Western world is now waging an all-out economic war against Russia. NATO, backed by Norman Angel, is also a major factor in Russia's invasion of Ukraine. Although not a major power, Russia has a strong defense in the economy. And that is fuel oil and natural gas. Europe is dependent on Russia's natural gas. So the interdependence that Norman Angel spoke of in the economy behind the non-war is between Russia and Europe. Russia and Ukraine are also big powers in food grains.According to the World Bank, Ukraine is the world's largest producer of sunflower oil, followed by Russia. Together, the two countries produce 60 percent of the world's sunflower oil. Russia and Ukraine produce 26.9 percent of the world's wheat. About 39 percent of Europe's electricity generation comes from biofuels, which come mainly from Russia.Ukraine has not been able to export goods since the war began, and Russia has not been allowed to export. However, if the policy of isolating Russia economically is successful, the rest of the world will be in danger. Europe will be in great danger if Russia does not get natural gas. And if wheat does not come, many countries including the Middle East will be in danger. All in all, the World Bank is loudly saying that this war is catastrophic.
What will happen to the economy
This is the beginning of a BBC article — ‘This is a war. You are at the forefront of this war. This war is not just for the Ukrainians, who face bombs and bullets. This war is for everyone, because everyone suffers the consequences of economic war. And the most deadly and deadly weapon in this case is inflation. How did the war in Ukraine spread around the world? This one-line joke may be joking, but that's the reality. The joke is, "Due to Covid-19, NATO and USA have decided to fight from home." In other words, because of Covid-19, NATO and the United States have decided to fight from home. Thus, instead of a military war against Russia, the whole world is falling into disarray in the economic war that has been started in each country.
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