Russia’s invasion of Ukraine has had devastating impacts on people and property but the implications for future world politics, business and society are also massive and potentially game-changing. Is it the end of multilateralism and globalisation? Will global supply chains become regional and national by necessity, making us rethink entire value chains and systems? Is this the end of liberal globalism?

General Sir Nick Carter, who was Chief of the Defence Staff, head of the British Army, until November 2021, and political scientist and economist Francis Fukuyama, author of The End of History and Liberalism and its Discontents (who appears via video link) discuss the implications with Emma Graham-Harrison, International Affairs Correspondent for the Observer.