Aarthi Swaminathan and Michael B. Kelley
The world is currently embroiled in "Cold War II" — and has been for a while — and the path ahead is lined with the geopolitics of nuclear weapons, says one historian.
"And we've now forgotten so much of that history that we don't realize that Cold War II began some time ago," Hoover Institution Senior Fellow Niall Ferguson recently told Yahoo Finance's Andy Serwer at the Milken Institute Global Conference (video above).
"Cold War II is different, though, because in Cold War II, China's the senior partner, and Russia's the junior partner," Ferguson explained. "And in Cold War II, the first hot war breaks out in Europe, rather than Asia. This is a bit like the Korean War was, in 1950, where suddenly discovering that cold wars sometimes run hot, but this time, Ukraine is the battlefield."
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