It’s amazing and terrifying watching an empire die
I spent a fair bit of time in the former Soviet Union, what happened there is instructive for what comes next.
I think we will see, across the West broadly, to varying extents:
- peripheral states flipping (e.g., Baltics)
- widespread looting of public assets, a new oligarchal class minted
- total destruction of the middle class, particularly those with ties to government and NGOs (I'm in this camp and miserable for it)
- at least one civil war, lots of territorial disputes kicking off, separatism
- breakdown of law and order, local gangsters as local authorities
- mass ex-migration, ethnic cleansing
- weak governments, coups, demagogues, vassalage
- hyperinflation and scammy get rich quick scams (watch crypto)
You should see it from the inside!