In these notes[1] I will address the issue of how the United States and the European Union are responding to what is now increasingly recognised as an existential crisis of Western hegemony and liberal capitalism. As George Soros wrote on 23 October 2014 in The Guardian newspaper, the West must keep up its pressure in Ukraine, because if not, the system that has been built up over decades and which includes NATO and the EU, may begin to unravel and as it does, eastern Europe may again come under the influence of a resurgent Russia. More