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Video: NATO has dropped the ball but Russia and China have picked it up and are running with it

In this Crosstalk interview by Peter Lavalle with journalist, Pepe Escobar, and economist, Martin Hennecke, the point is made that after 9-11 in 2001, the United States 'took its eye off the ball' to concentrate on the 'war on terror'. Now all it has is the war on terror, but while its attention has been focused on war for 13 years, China and Russia have made many new alliances with the BRICs countries and the future looks better for China and Russia than for the NATO group and its allies. Also criticism of the European and Anglophone press as fixated on personalities and imagined agendas to the exclusion of practical reality. Compares austerity debt in Europe to debt in China and Russia (very low). Refers to evolution away from the petrodollar

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