After a two-year pandemic hiatus, the World Economic Forum returned Monday to the ski village of Davos in Switzerland, where some 2,000 of the world's most influential leaders gathered this time to talk ... geopolitics.

That's right, for the first time Davos is driven not by business but rather what's happening all over the world — at a time when the general feeling is that globalization is unwinding, GZERO Media President Ian Bremmer said during a Global Stage livestream conversation hosted by GZERO in partnership with Microsoft.

Indeed, former Danish PM Helle Thorning-Schmidt observes "Davos cannot escape geopolitics anymore" because "things are coming apart" with Russia's war in Ukraine and the global food crisis it has made worse.

A focus on global politics may be unavoidable, but "it doesn't mean that people are necessarily excited to come to the party," said Microsoft President Brad Smith, who cited food and energy as two of the second- and third-order consequences of the Russian invasion.

The thing is, Bremmer believes, most people are still unaware of what those consequences will be. In his view, we should brace for the impact of two major knock-on effects: NATO and Russia on the brink of something resembling a hot war, and a lot of starvation if the conflict drags on.

The war is also being fought in the virtual world, where many have been surprised by the lack of successful major Russian cyberattacks against Ukraine. According to Smith, that's in part because Microsoft helped the Ukrainians defend and prepare by taking measures like moving the physical servers of government agencies to the cloud.

And then there's online misinformation, which remains a big problem almost everywhere.

Smith said he believes it's hard for governments to unilaterally decide what constitutes fake news, while Bremmer called for an intergovernmental panel to tackle the issue, and Thorning-Schmidt suggested America can learn from Europe's experience with coalition governments so someday Democrats and Republicans can actually agree on what the problem is first, before trying to fix it.

Meanwhile, Russia's war in Ukraine continues with no end in sight. What's more, Bremmer increasingly sees it as what he calls a "Goldilocks crisis" — not too small to notice, but not so massive "that you legitimately don't have tools to fix."

We do need something to actually make us "jump out of our skins" to address these crises, as UN Foundation President Elizabeth Cousens put it.

The longer the Russians keep fighting the Ukrainians, the worse the knock-on effects of the conflict will get in other parts of the world, like global hunger. For Cousens, ending the catastrophic humanitarian crisis we are already in largely depends on whether governments react by cooperating or doing nationalist stuff that ultimately hurts everyone like export controls.