Browder: Putin started a war because he stole so much money that he became afraid of his own people.
The easiest way to stop people turning against you is to create a foreign enemy. That is Machiavelli 101. 1/
Browder: If Putin used a nuclear weapon, he still would not win the war.
Ukraine is too large and too dispersed. China and the Global South would step away, and Putin would become a fully defined war criminal. 2/
Browder: This war is more likely to end like Korea than with a peace agreement.
Ukraine will keep making the war more painful for Russia until both sides stop attacking each other across a fortified front line. Nobody will negotiate peace. 3X
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