over a barrel
Russian President Vladimir Putin: in the driver’s seat, for now.
One hundred years after an assassination in Sarajevo set off World War I, the destruction of a civilian airliner over Ukraine is seen by some as a new causus belli.
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But the muted reaction of those in a position to do something about it reflects the new realities of an interconnected, mutually-dependent global economy.
Resource rich Russia, seen as the chief villain in the Malaysian airliner disaster, is not susceptible to a frontal attack – or any kind of attack, for that matter.
The lesson of the past six months, more evident now, is that sanctions are a double-edged sword: they have the potential to blow back, hurting those imposing them as much as the target.
The restraint imposed by globalization might just protect us all from the war-to-end-all-wars.