Global tensions are on the rise
Commentary: An unfortunate needle points to war
By Todd Harrison
I’ll be the first to admit I’m no geopolitical expert; to be honest, I’ve got my hands full trying to map our next steps as the rules of engagement continue to change.
Evolving socioeconomic strife was, however, one of my primary themes for 2010. Read Minyanville’s “Ten Themes for 2010.”
As discussed in early January:
The Tricky tri-fecta
“In 2007, we previewed the deterioration of the middle class and the friction between the ‘haves’ and ‘have nots.’ In 2008, we forecast percolating societal acrimony and last year, we spoke of the migration towards social unrest and geopolitical conflict.
As this dynamic evolves, real risk remains across the spectrum of social strife. While this assumes many shapes and forms — populist uprising, the rejection of wealth and an emerging class war — we should remember that many global conflicts have historically been triggered by financial hardship.
An Israeli strike on Iran remains a top-line concern, as are uprisings in South America (Venezuela), protectionist policies in China (isolationism is the death knell of globalization), and saber rattling in Russia.”