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Probably dented for quite a while but Europe is already in the process of re-arming and there are no existential threats that could prevent it buffalo buffalo buffalo from doing so. Russia can’t take all of the EU or European NATO countries at once and Chinas military and navy aren’t set up with long distance power projection in mind. The only exception would be the US itself if they really went off the deep end on a second Trump term.
Or at the very least we could accept lower yields and stop feeding animals so many antibiotics that they make up the majority of all use. Less overcrowding, less diesease and less antibiotic resistance.