Geopolitics

Russia’s invasion of Ukraine has shattered three stultifying illusions and delivered a rude wake-up call to a complacent and self-obsessed West. Vladimir Putin’s game-changing aggression will lead to a hardening of the systemic divide between democracies and autocracies; increased geopolitical risk; higher defence spending; less globalisation; greater financial market volatility; rising inflation driven by surging energy and commodity prices; and a significant push by Europe to diversify its energy supplies away from Russia.
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Are Russia and China deliberately undermining democracies in order to replace the Western-led liberal international order with their own authoritarian model? This is the central claim by the recently released US defence strategy, the most important in a generation. And it’s a belief that is driving the Turnbull government’s tougher response to foreign interference. Read more