Russia is currently winning the Game of Empire. It has taken Crimea and it is closing in on Eastern Ukraine. Whether or not more will be invaded, no one can tell.
A surge of far-right parties is about to hit the European parliament. Last weekend’s success of the National Front in France was led by the party’s leader Marine Le Pen, who pledges to take France out of an agreement that is destroying jobs and flooding towns with immigrants. Similar advances by the right are appearing in differing degrees of intensity elsewhere in Europe.
In the sanctions against Russia announced this week by the U.S. and the European Union we begin to see the outline of a titanic struggle. It is one between imperialism and globalization. The Western states have been reminded that imperialism is alive and well, even rampant, and threatens the vision for a more global world economy.
The world’s richest hedge fund manager, George Soros, says Europe’s great project, the European Union, is at risk. Even if it survives it is doomed, he says, to a period of stagnation and fragility, rendering it powerless on a world scene dominated by powerful blocs.
Ukraine is not the only crisis to emerge from the former Soviet Union. It’s the most immediate and most immediately dangerous. But beyond the stunning images of boiling demonstrations in Crimea and eastern Ukraine, there is a less vivid but as potentially destabilizing danger growing greater by the week. It is the threat of a Slav crash.