2023’s Strategic Challenges: Introducing Big Debt

2023’s Strategic Challenges: Introducing Big Debt
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Austin Bay
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Commentary

When 2022 began, Vladimir Putin’s Russia was fighting a slow but deadly war with Ukraine—a war to restore what Putin believed was Russia’s historically legitimate empire. In the slow war, the Kremlin could control the level of battlefield violence and gauge the economic costs. For example, Russia could slowly destroy Ukraine’s eastern provinces and largely slip international political and economic sanctions.

Austin Bay
Austin Bay
Author
Austin Bay is a colonel (ret.) in the U.S. Army Reserve, author, syndicated columnist, and teacher of strategy and strategic theory at the University of Texas–Austin. His latest book is “Cocktails from Hell: Five Wars Shaping the 21st Century.”
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