“American and European elites are completely unprepared for a new era of great power rivalry,” the article says.

As examples, Furedi cited the withdrawal of American troops from Afghanistan and the visit to Taiwan of the Speaker of the US House of Representatives, Pansy Pelosi.

According to him, the American authorities lack the intellectual resources, clarity, and unity to lead the world arena.

Assistant to the President of Russia for Economic Affairs Maxim Oreshkin previously told RT that the crises observed in the food and fuel markets were the result of mistakes by the United States and Europe.

In particular, the "sanctions madness of the West" in recent months has led to this.