20221225 : world war III

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From earlier this year, the war/ conflict between Russia and Ukraine broke out. Conflicts and wars are nothing new to the globe. One is happening all the time somewhere...

We are usually fairly insulated from them but for the graphic content on TV trying their best to sensationalise. It usually is localised to the geography and we turn a blind eye. It's insensitive but it is reality. The next days bring with it the next news item as a flavour of the day.

This one is different. We are all feeling the impacts - whether it is energy , economy and inflation or food shortages or something else.

But that is not the war the world has entered. It is a war we have all entered without realising.

After world war II, Germany had a very subdued defence policy , external outlook and defence spending. Same with Japan. They were one of the softest with defence spending and foreign outlook.. but that has changed...

Since the conflict has broken out, (i) it has emboldened many countries (ii) it has scared almost every country and everyone I know is beefing up their defence and net defence importers have started frantically buying (iii) net producers are increasing manufacturing and exporting defence equipment.

Where is the money coming from? It is coming from? It is the same kitty! Other very important and pressing issues everywhere - like health, hunger, shelter, environmental issues will be/ are going on the back burner. That is the immediate issue we all face.

Plus defence manufacturing is any other manufacturing - except a lot more profitable. Businesses which manufacture are businesses at the end of the day. The have to show growth! Growing manufacturing and growing sales. There is only so much countries can formally buy. After that they still have to sell. It will happen to countries informally and private players everywhere. Any what do we need for it? More wars have to be created!

That is the real world war III we have all entered - de prioritised current pressing issues and future instability to ourselves.

Its funny, just a few days back, I was chatting with a friend of mine regarding ill prioritised funds and its impacts 🙄

 

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