Are we in the middle of Cold War 2.0? | Business and Economy

Former Australian Prime Minister Kevin Rudd says there are ways to prevent all-out conflict between China and the US.

Within years, China will overtake the United States as the world’s number one economy, and China’s influence is spreading worldwide – mostly at the expense of US global leadership.

Former Australian Prime Minister Kevin Rudd tells host Steve Clemons that this is the “decisive decade” in relations between the two powers. Either they find a way to share wealth and power, or they head down a collision course.

But with today’s political climates in the West and East – where politicians are rewarded for nationalistic tough-talk and zero compromise – is there hope for better relations between Beijing and Washington?