The war over Ukraine- the unfortunate opening salvo of Cold war 2.0 – has sparked both debate and policy re-orientation globally over the ‘utility of force’ or hard power and its primacy in international relations. The unstated corollary or even implication is that ‘soft power’- a concept and phrase popularized by Joseph Nye of Harvard university- is dead. It may be stated here that Nye along with his academic collaborator, Robert Keohane, had also coined the concept and idea of ‘complex interdependence’ – a condition where, roughly speaking, trade linkages and crisscrossing capital flows- either of a ‘thick’ or ‘thin’ nature would beget peace and even democracy across the world. But, paradoxically, what is being witnessed is a ‘global democratic recession’ , the occlusion of soft power and the inversion of ‘complex interdependence’.(The reference is to the superimposition(or meshing) of sanctions on complex interdependence to elicit a desired outcome with respect to Russia and employing this as a test case for a possibly similar confrontation with China).