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Marketplace®

Daily business news and economic stories
Episode 610Mar 1, 2022

Let’s talk about Ukraine

It’s more than just the economy.

A bystander walks past a fresco by street artist Seth depicting a girl with a Ukrainian flag walking on tanks in Paris on March 01, 2022. (Photo by JOEL SAGET / AFP)
A bystander walks past a fresco by street artist Seth depicting a girl with a Ukrainian flag walking on tanks in Paris on March 01, 2022. (Photo by JOEL SAGET / AFP)
Photo by JOEL SAGET/AFP via Getty Images

There’s only one story we wanted to do a deep dive into this week: Russia’s invasion of Ukraine.

The conflict has escalated in recent days. It’s a humanitarian story, an economic story and a story of history.

Someone who is well familiar with that history is Francis Fukuyama, a political scientist at Stanford University. Fukuyama is known for his 1992 book, “The End of History,” in which he argued that the great ideological battles between East and West are effectively over.

On the show today, we check in with Fukuyama about that concept, given today’s context and the significance of a land war on the European continent.

“One of the reasons that people have paid special attention to Ukraine is that it sets an important precedent for what will happen in East Asia,” he said. “Ukraine may be kind of a dry run for how much resistance there’s going to be to what’s happening in that theater. The biggest challenge to current world order actually is not Russia, but it’s China, simply because Chinese power is much more multidimensional than Russian power.”

In the News Fix, we discuss Western media coverage of the conflict in Ukraine and how it compares to coverage of conflicts in the Middle East and Africa. Plus, the U.S. is the world’s top oil producer, so why does it still import oil from Russia? We’ll explain.

Later, we hear from a listener who paid a big price for a cheap app. And we get an answer to the Make Me Smart question that has us wondering about a linguistic phenomenon. (Hopefully you can help us.)

Here’s everything we talked about today:

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The Team

Let’s talk about Ukraine