Russian President Vladimir Putin has not just destroyed the international order and tens of thousands of lives, he has also damaged one of the most sacred classical liberal beliefs: Trade fosters peace. It's nearly canon that "if goods don't cross borders, soldiers will," but now it seems that they are perfectly capable of moving in tandem.
In a Bloomberg opinion piece, John Micklethwait and Adrian Wooldridge mock Norman Angell's 1910 book The Great Illusion, which "argued that war was impossible given the interconnectedness of the world." Yet today, Micklethwait and Wooldridge write, "the Capitalist Grand Illusion is under assault in Kyiv — just as Norman Angell's version was machine-gunned on the Western Front."
