WHATEVER the final outcome of the violently simmering crisis in Ukraine, and however likely it is that that embattled state will remain caught in Russia’s crushing embrace, the greatest global political risk can’t be found in Kiev, eastern Ukraine or any of the other hotspots that get the media so excited. It lies in the perception of Western weakness among those countries that find themselves dissatisfied with the current global establishment. For them, the enfeebled state of the West, as laid bare in Ukraine, means the possibility of expansion.
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