You seem confused, this is the beginning of the domino chain. When these destructive chains begin in earnest they are almost impossible to halt, it also doesn't help the incompetent leadership of most nations are seemingly oblivious to the causal effects of why this chain is beginning. The nonstop lock-downs, sanctions and climate change frenzy have produced an environment of low trust for investment.
Energy - Biden's administration's nonstop attacks on the domestic energy industry have effectively ended the oil industry's division of exploring for new oil wells and tendering bids with the government to begin the process of tapping it, Biden's admin has made it clear that the oil industry has no future so the energy industry have accepted it as fact and are exiting the industry for other options, the price of oil is going to continue to spike indefinitely as there is no further expansion and OPEC has made it clear they have no interest in expanding supply either. This has a smothering effect because the price of oil also dictates transportation of oil in an amusing feedback loop because those supertankers also require fuel to run.
Supply Chain - The price of energy skyrocketing is going to snarl global trade, the globalist mindset is a utopia based upon low shipping costs, that era is going to end because OPEC has realized for the short term they can work less and get more money, this nonsense where cat litter clay is dug up in Texas, shipped out through the Caribbean to Thailand to be processed, then boxed up only to be shipped to Vietnam to be QA'd, then shipped to Los Angeles before riding by rail to Maine is unsustainable with energy costs going up dramatically. The entire logistic chain is going to collapse because of energy prices and the shakeup is going to lead to bare shelves in developed countries and huge unemployment and civil unrest in developing countries.
Food - The huge amount of strife and tension is leading to countries closing their exports of food, India is in the news because its halted export of wheat and now sugar is being limited drastically. There is a clear "every man for themselves" vibe beginning to form around food as each country begins to halt exports, this is deepening the climate of fear which causes further curtailing of exports. The developing world is about to suffer one of the harshest famines in modern history and the civil strife derived from it is going to outright end their export of raw materials. We could realistically see half of Africa go into civil war at the same time as people are driven into madness from hunger. I'm reminded that we witnessed the South Africans destroy the largest food processing plant in the country during their riots in 2021 and supposedly unemployment is near 30% if that poster was to be believed. Globally there is a fertilizer shortage as a result of Russia halting exports leading to expected yields in the fall harvest being far below the norm in developed countries like the US, this is unlikely to resolve itself for a year or two as it takes time for plants to be built, not to mention the energy crisis being an issue for any sort of petrochemical plant to begin with.
Business - Since 2008 the Fed has kept the rates almost at 0%, we're nearing on 15 years of low rates, many people in finance and the business sector have known nothing but easy money and the entire business sector has evolved with this in mind. There is going to be a reckoning as this entire crop of managers and financiers get forced back into reality. Expect a 2008 style liquidity and subprime loan crisis (already defaults are beginning) as a cherry on top of the shit sundae we're getting.
This is just a few of the things I can think of off the top of my head. Not a lot of good things going on right now, I could touch on the violent crime spike, the various monopoly that have been allowed to form which causes stupidity like the baby formula shortages, the chip shortages. There is A LOT of stuff going on at the same time that are causing a feedback loop. Every time we expect it to calm down a new incompetent leader does something to escalate it such as the lockdowns in China.