International
Is Russia at War With Ukraine, or With the West?
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German Foreign Minister Annalena Baerbock this week, on entering a “new era of nefariousness”:
I say clearly and across the Atlantic, what is right and what is wrong shall never be irrelevant to us. No one wants and no one needs peace more than the Ukrainians and Ukraine. The diplomatic efforts of the U.S. are of course important here. But such a peace must be just and lasting and not just a pause until the next attack… We will never accept a perpetrator-victim reversal. A perpetrator-victim reversal would be… the end of security for the vast majority of countries. And it would be fatal for the future of the United States.
Baerbock’s declaration that a “perpetrator-victim reversal” (a Täteropferumkehr, I’m reliably informed) would be “fatal” to the U.S. was historic. It was accompanied by a promise that “as transatlantacists,” Europeans must “stand up for our own interests, our own values, and our own security.” Although new leaders are ready to take the reins in Germany, she said, there can be no waiting for the transfer of power. Immediately, “Germany must take the lead at this historic milestone.”
A few years ago Baerbock pleaded for patience with a British conservative who demanded to know why Germany wasn’t providing Leopard tanks to Ukraine.
Now, with Donald Trump cutting off weapons deliveries and shutting down access to ATACMS missiles, Baerbock’s speech is an expression of more enthusiastic European support for continued fighting.
The war in Ukraine is often called a proxy conflict between Russia and the West or Russia and the U.S., but it increasingly looks more like a fight between Baerbock’s “transatlanticists” and those who believe in “spheres of influence.” In preparing Racket’s accompanying “Timeline: The War in Ukraine,” I found both sides articulated this idea repeatedly.
In January, 2017, as he was preparing to relinquish his seat to Mike Pence, Joe Biden alluded to the recent election of Donald Trump in a speech at Davos. Describing the “dangerous willingness to revert to political small-mindedness” of “popular movements on both the left and right,” Biden explained:
We hear these voices in the West—but the greatest threats on this front spring from the distinct illiberalism of external actors who equate their success with a fracturing of the liberal international order. We see this in Asia and the Middle East… But I will not mince words. This movement is principally led by Russia.
Biden even then lumped Trump and Putin together, as enemies of the “liberal international order.” Russian counterparts like Putin and Foreign Minister Sergei Lavrov, meanwhile, spoke of a “post-West world order” where diplomatic relations would be based on “sovereignty” and the “national interests of partners.” These are two fundamentally irreconcilable worldviews. Was conflict inevitable, or could peace have held if Russia didn’t strike in 2022?
There’s no question who invaded whom. Hostilities began in February, 2022 with an angry speech by Vladimir Putin and bombs that landed minutes later in Ukraine. Little discussion of the “why” of the war took place in the West, however.
Phrases like “unprovoked aggression” became almost mandatory in Western coverage. Politico interviewed a range of experts and concluded that what Putin wanted was “a revanchist imperialist remaking of the globe to take control of the entire former Soviet space.” This diagnosis of Putin’s invasion as part of a Hitlerian quest for Lebensraum and a broader return to national glory might have merit, but it was also conspicuously uncontested. A differing article by University of Chicago professor John Mearshimer declaring the crisis “the West’s fault” made him, as The New Statesman just put it, “the world’s most hated thinker.” Few went there after.
Russians and Ukrainians don’t have the typical profiles of ancient warring tribes. They have a deeply intertwined history, with citizens of both countries retaining many of the same customs, jokes, and home remedies, while living in the same crumbling Soviet buildings, with fondness for the same cabbage soup and moonshine. There are huge numbers of mixed/bilingual families and many famous cultural figures (including my hero Nikolai Gogol) are claimed by both countries. They’ve fought before, but what jumped out reviewing this “Timeline” is how much it seemed that these old Slavic neighbors mostly fall out now over attitudes toward the West.
It’s hard looking back not to be struck by the superior tone of bodies like the Organization for Security and Co-operation in Europe (OSCE), whose “reviews” of Ukrainian and Russian elections often read like zoological descriptions of inferior species. Same with a tsk-tsking report by a mission of visiting IMF economists in 2013, who were appalled by Ukrainian energy subsidies that were among of the few popular remnants of Soviet life.
These imperious Western assessments of childlike Slavs, and the panic and shame of some local officials before such foreign judgments, recall familiar satires in Russian literature (The Government Inspector comes to mind). Nationalists in both countries balked at this “advice,” and by the late nineties some came to the conclusion that the cost of cooperation with the West was greater than the benefit. These dynamics accelerated after the Orange Revolution in 2004 and the Maidan events of 2013-2014, which Russians still see as a West-backed coup and the beginning of the current war. Russians will say “first blood” was drawn in military operations against Donbass protesters around the same time. Those in the West will point at the 2014 annexation of Crimea as the beginning of territorial war.
The idea of Germany “taking the lead” in a war to secure the primacy of “transatlanticists” worries me more than trying to pronounce Täteropferumkehr. However, whether or not you think Baerbock is right, and a peace deal now would be a worthless “pause,” depends a lot on how you read this history. What do you think, and why?
Business
Bill Gates Gets Mugged By Reality

From the Daily Caller News Foundation
You’ve probably heard by now the blockbuster news that Microsoft founder Bill Gates, one of the richest people to ever walk the planet, has had a change of heart on climate change.
For several decades Gates poured billions of dollars into the climate industrial complex.
Some conservatives have sniffed that Bill Gates has shifted his position on climate change because he and Microsoft have invested heavily in energy intensive data centers.
AI and robotics will triple our electric power needs over the next 15 years. And you can’t get that from windmills.
What Bill Gates has done is courageous and praiseworthy. It’s not many people of his stature that will admit that they were wrong. Al Gore certainly hasn’t. My wife says I never do.
Although I’ve only once met Bill Gates, I’ve read his latest statements on global warming. He still endorses the need for communal action (which won’t work), but he has sensibly disassociated himself from the increasingly radical and economically destructive dictates from the green movement. For that, the left has tossed him out of their tent as a “traitor.”
I wish to highlight several critical insights that should be the starting point for constructive debate that every clear-minded thinker on either side of the issue should embrace.
(1) It’s time to put human welfare at the center of our climate policies. This includes improving agriculture and health in poor countries.
(2) Countries should be encouraged to grow their economies even if that means a reliance on fossil fuels like natural gas. Economic growth is essential to human progress.
(3) Although climate change will hurt poor people, for the vast majority of them it will not be the only or even the biggest threat to their lives and welfare. The biggest problems are poverty and disease.
I would add to these wise declarations two inconvenient truths: First: the solution to changing temperatures and weather patterns is technological progress. A far fewer percentage of people die of severe weather events today than 50 or 100 or 1,000 years ago.
Second, energy is the master resource and to deny people reliable and affordable energy is to keep them poor and vulnerable – and this is inhumane.
If Bill Gates were to start directing even a small fraction of his foundation funds to ensuring everyone on the planet has access to electric power and safe drinking water, it would do more for humanity than all of the hundreds of billions that governments and foundations have devoted to climate programs that have failed to change the globe’s temperature.
Stephen Moore is a co-founder of Unleash Prosperity and a former Trump senior economic advisor.
Automotive
Elon Musk Poised To Become World’s First Trillionaire After Shareholder Vote

From the Daily Caller News Foundation
At Tesla’s Austin headquarters, investors backed Musk’s 12-step plan that ties his potential trillion-dollar payout to a series of aggressive financial and operational milestones, including raising the company’s valuation from roughly $1.4 trillion to $8.5 trillion and selling one million humanoid robots within a decade. Musk hailed the outcome as a turning point for Tesla’s future.
“What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book,” Musk said, as The New York Times reported.
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The decision cements investor confidence in Musk’s “moonshot” management style and reinforces the belief that Tesla’s success depends heavily on its founder and his leadership.
Tesla Annual meeting starting now
https://t.co/j1KHf3k6ch— Elon Musk (@elonmusk) November 6, 2025
“Those who claim the plan is ‘too large’ ignore the scale of ambition that has historically defined Tesla’s trajectory,” the Florida State Board of Administration said in a securities filing describing why it voted for Mr. Musk’s pay plan. “A company that went from near bankruptcy to global leadership in E.V.s and clean energy under similar frameworks has earned the right to use incentive models that reward moonshot performance.”
Investors like Ark Invest CEO Cathie Wood defended Tesla’s decision, saying the plan aligns shareholder rewards with company performance.
“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Wood wrote on X.
Norway’s sovereign wealth fund, Norges Bank Investment Management — one of Tesla’s largest shareholders — broke ranks, however, and voted against the pay plan, saying that the package was excessive.
“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the firm said.
The vote comes months after Musk wrapped up his short-lived government role under President Donald Trump. In February, Musk and his Department of Government Efficiency (DOGE) team sparked a firestorm when they announced plans to eliminate the U.S. Agency for International Development, drawing backlash from Democrats and prompting protests targeting Musk and his companies, including Tesla.
Back in May, Musk announced that his “scheduled time” leading DOGE had ended.
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