10/15/21

Western countries: politicians demonstrate comprehensive failure in risk assessment

The most recent events in Western countries demonstrate that the political leadership is not ready to assess the risk of the modern world. The Evergreen blockage of the Suez channel was just an early bird with the aftermath one can observe now, in several months after the event. The number of ships in the ports worldwide is piling up.  The weather in Europe and the US demonstrated that the system response is far from adequate with numerous casualties. Germany has a bad time with hundreds of lives lost. The energy crisis came not from the east but from the failure to assess the risks associated with green energy variability and the change in global demand.  Energy is a market good and the market is open for manipulations. The political leadership failed to understand that all boundary conditions in this world are changing. For decades, the fight between the West and East, between capitalism and socialism, between colonialism and free countries, etc. created a stable boundary separating the West from the risks associated with known threats. The threats have been changing since the USSR break. The Soviet Union broke because of the wrong risk assessment. It's the West's turn.

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