We are obviously in a wedge: We have elected to be "all in" in the US camp while at the same time critically overdependant economically on China . Some say we're on the highway to economic disaster.
The article below is interesting, IMO, because it advocates a resolution...that is drop the RBO and go with the flow:
We have been in this jam since the GFC , yet we sleepwalk into economic strife on the assumption of "she'll be right"
But of course that's political and economic sleepwalking. This Ukraine War has simply accelerated the inevitable: ..a move away from the RBO to a bi-polar world and de-dollarisation; the glue that held the RBO together.