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Thursday 07 April 2022 6:00 am  |  Updated:  Wednesday 06 April 2022 6:11 pm

Putin’s invasion of Ukraine is a war against old and new and tanks versus TikToks

By: Pinaki Das

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Trostyanets, Site Of Fierce Battle And Russian Occupation, Retaken By Ukrainian Forces
A tank in Ukraine. (McGrath/Getty Images)

Three decades ago, the white, blue and red Russian flag was raised in Moscow, signaling the end of the Soviet Union. Right around that time, the English computer scientist Tim Berners-Lee invented the World Wide Web and introduced the first website.

Today, we can see the impact of the end of the USSR on the conflict in Ukraine, with countless commentators pointing to Vladimir Putin’s desire to restore his country’s former global relevance and glory.

But the second event – the birth of the digital age – may matter just as much, or even more.

The war in Ukraine may be about dictatorship vs. democracy, Communism vs. capitalism, and subjugation vs. liberty. Through the lens of history, however, it can also be seen as a conflict between the old order and the new, emerging world. Think of it as tanks vs. tech.

Putin’s forces are attacking Ukraine with large numbers of armored vehicles. We have all seen images and videos of these lumbering machines, frequently in flames after being destroyed by hand-held anti-tank missiles and, increasingly, unmanned drones guided by remote.

As Ukraine’s annual defense budget of €5.5bn is less than one-tenth that of Russia’s, according to the Stockholm International Peace Research Institute, some of those unmanned defensive weapons are being acquired through online crowdfunding. Indeed, the Ukrainian government has so far raised some €100m in Bitcoin and other cryptocurrencies, accounting for 60 per cent of all private donations. This goes beyond the traditional digital financial ecosystem into Blockchain-based finance.

What we see here is, literally, tanks vs. tech.

Read more

Ex-UK minister Robertson rubbishes Ukrainian claims he aided Russia’s Olympic return

Sir Hugh Robertson, British Olympic Association, wearing a poppy and name tag, at an event

Ukraine’s president Volodymyr Zelensky now has nearly 6 million Twitter followers. His nation is waging war on social media as much as on the ground. Whether urging resistance, appealing for assistance or documenting in real time the human cost of conflict, this is “the world’s first TikTok war,” as Kyle Chayka recently characterized it in The New Yorker.

On this battlefield, the Russian bombing of TV towers to prevent the Ukrainian government from coordinating its forces may prove futile. Resistance is instead being coordinated via broadband and mobile, as well as through Elon Musk’s Starlink nanosatellite network. Consider that when President Zelensky recently addressed the US Congress, he did so from his iPad in Kyiv, over Zoom and via Starlink.

For Ukrainians, that’s not surprising. Until the war started, Ukraine was an increasingly important IT hub. Technology is one of the country’s top exports, with industry growth up 36 per cent last year alone.

Something different is also in play. The West has been able to isolate Russia by largely disconnecting it from the global “digital” financial system, including SWIFT. In today’s world, if a country is not connected to others, it cannot benefit from the network effect. And even when the price of oil surges, as it has since February, fossil fuel is not as valuable as technology or the intellectual property that underlies it. That’s why, as the Russian chess grandmaster Gary Kasparov said when arguing for sanctions on oligarchs, one way to win this war is to “use banks, not tanks.”

You could go a step further and say this war might eventually be won by apps and code.

One of the lasting legacies of the war in Ukraine, like that of the Covid pandemic, could be the far greater global adoption of innovative technology – whether to reduce geopolitical risk or empower people, to facilitate dialogue and the flow of information, to fight injustice and help rebuild.

Read more

Bank of England’s Pill warns against ‘wait and see’ interest rates approach

Huw Pill, Bank of England Chief Economist, smiling in a suit and tie against a blue NABE banner.

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