The West has weaponized the global financial system is it working?
Ack, been thinking about this, as I'm very aggressively invested in tech and China is looking belligerent AF towards Taiwan, which just so happens to be central to the global tech economy and ecosystem.
Even if the US doesn't get involved militarily, a sanctions regime on China (similar to Russia, say) could be disastrous for the global economy.
On the counter-point side, I saw a good analysis from Noah Smith recently about how the West's sanctions on Russia have hobbled its imports, which are central to its war machine. I'll link that in a sec.