

The west will just continue becoming more insular and cut trade off with the rest of the world so that the oligarchs can exploit western population. We already see this happening with cheaper and better Chinese alternatives either being banned or having huge tariffs placed on them.
That’s all true, but capitalism encourages short term thinking, so they’ll do whatever they see as necessary to secure quarterly profits. In the long run that will lead to the problems you describe and further erode faith in the system as a whole.