But the foundation of how we constructed the global model is now over. We built this whole foundation of globalization. Over the last 30 odd years now corporations worldwide expanded geopolitically and expanded in different geographies.
And we were able to have this enormous peace dividend. It's threatening the psyche of the world in so many ways because the world benefited, probably as much as any major geopolitical issue, when the Soviet Union broke apart. We are witnessing each moment of the tragedies that are occurring throughout Ukraine, the humanistic tragedy of 2 and 1/2 million migrants, in which half of them now are children, the displacement of millions of people. We were witnessing the horrific actions of a military war. And in addition, this nuclear power, Russia, it actually invoked the words 'nuclear' as an offensive moment. But this is different because we have a principal nuclear power invading a neighbor. LARRY FINK: Well, we've actually had many wars in the world over the last 20 years, in the last 30 years. And although the world has unfortunately seen conflict and wars break out over the past 20 years, this one feels different. SAMARA COHEN: Larry, the world has changed dramatically over the past two weeks. Please keep in mind, we're recording this on Friday, March 11, as the conflict enters its third week. On this episode, we're joined by our Co-founder, Chairman, and CEO of BlackRock, Larry Fink, to get his perspective on what's happening and how it's affecting the global markets. Over the past few weeks, the Russian invasion of Ukraine has caused a huge humanitarian issue and sent ripple effects across the global economy. I'm Samara Cohen, Chief Investment Officer for ETFs and Index Investments at BlackRock and your host today. SAMARA COHEN: Welcome to The Bid, where we break down what's happening in the markets and explore the forces changing investing.
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