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The End of Stability

As this summer’s unprecedented heatwaves in both China and Europe have shown, the climate crisis will continue to amplify new geopolitical and economic crises. Whereas most crises historically have occurred within the existing system, we are now facing the end of the system itself.

BERLIN – The world is reeling from an extraordinary confluence of crises, including Russia’s war of aggression in Europe, the ongoing COVID-19 pandemic, sweeping trade and supply-chain disruptions, inflation, food insecurity, and all the morbid symptoms of climate change. Though the world order built after World War II was far from perfect, it at least provided stability and ample opportunities for international cooperation. But now, it seems to be falling apart.