Judging from the European PPI and inflation/shortages, I believe we will see the de-industrialization of Europe, with US absorbing most of the European industries and capital into its hollowed out economy. Europe will be hollowed out, canabalized by the US and fall into irrelevancy. And with Russia damaged and going back to lick its wounds, the world may end up in bipolar order again. I certainly wish it doesn't happen, but this is a prospect that I want to point out.
With the extreme weaponization of the US dollar the last 10 years, I doubt US position will remain tenable, particularly if Russia achieves its political objectives in this war.