Trek to Bucha Epilogue: Force Majeure (Act of God) – Part 1 (Economics)

US Aid to Ukraine Requires More Than Just Guns. Fresh loans and mortgages while war goes on can create an economic growth story and a more total victory for Ukraine.

Ukraine can use help over the long term and not just for its military. Property damage as documented in the film Trek to Bucha fits along a spectrum, from little/isolated damage from guided/cruise missiles in Lviv, to almost complete devastation from artillery bombardments in Irpin. If compared to a Cat-5 hurricane one might think of Irpin as where the eye of the storm hit. As we move away from the eye the damage becomes less and less. Overall, the damage and financial loss is as manageable as a windstorm event in terms of insured losses – at least from a retroactive point of view.

​In short, Ukrainians can use not just guns but a bit more butter, too. 

For the rest of the essay click here.