Both Europe and the U.S. have started to lose control in the West. Just looking at their central banks reveals this reality. If we take into consideration the current political crises that Germany and the U.K. are experiencing, the situation in the whole of the West becomes even more complicated. On the eastern side of the world, however, countries such as Japan, China, South Korea and Russia are developing strong strategies and roadmaps by evaluating the dynamics of the 21st century. Although Scotland has voted against secession, the U.K. is no longer the old U.K. as it used to be, and the EU can no longer be the old EU either.Despite the fact that Scotland rejected independence from the U.K., the recent referendum shows us that the foundations of Europe are being shaken. The current system, which was established with the Treaty of Westphalia in 1648 and gave the right to self-determination to sovereign nations, is coming to an end. Similarly, even though the European Central Bank (ECB) is adopting expansionary policies, the EU has no chance to flourish with its current political structure.The same situation applies to the U.S. A few days ago, Federal Reserve Chair Janet Yellen reiterated her familiar statements. She used the phrase "considerable time" and said that this should not be perceived as timing but rather a phenomenon about achieving targets. Yellen has been repeating these kinds of statements since she took office. Her discourse is more unyielding and precise than that of former Fed Chair Ben Bernanke. Despite all this, however, the speculation that the Fed will raise interest rates again rocked the markets. This is both an economic and political struggle. The incumbent U.S. administration does not want the country to continue its policies as the "police" of the world. This is quite an important political and economic preference, however, as the military-industrial block - which is represented by Republicans and neocons and dates back to the 20th century - wants the U.S. to continue its hegemony through wars, occupations and by supporting coups and anti-democratic regimes as it has previously. This is no longer possible as the current dynamics of the system and post-crisis period will not allow it. Still, conservatives are resisting this reality.Under the Obama administration, the U.S. is shifting from the "Western Roman strategy" to the "Eastern Roman strategy." The latter is a strategy that suggests that it is possible to coexist peacefully with other cultures, civilizations and economies. However, the former, which the U.S. adopted after World War II, was based on destroying everything that did not obey the U.S. The existence and strategies of the Soviet Union helped the U.S. inadvertently on its way. In this period, the U.S. and the Bretton-Woods twins (the IMF and World Bank), which were under the thumb of the U.S., dominated Turkey. This understanding and its ideology determined all of Turkey's governmental institutions, universities and media. Those who dominated this understanding, created an economy and politics to their own delight, which we describe as oligarchy in Turkey.During a recent speech at the Turkish Industrialists' and Businessmen's Association (TÜSİAD), President Recep Tayyip Erdoğan said that under their administration, Turkey will be a country where everybody will win. Paraphrasing, he stated that Turkey has gone beyond becoming a country that is controlled by a few families. According to Erdoğan, the upcoming period will be a reconstruction period in which foreign-dependent concentration of capital will be removed with public incentives. The structure and organization of capital in an economy determines economy and politics of that country.If capital is concentrated vertically and is based on an understanding in which prosperity and growth are provided while the majority of society suffers, it points to a dictatorship of capital in that society. This is what has occurred in Turkey so far. Countries like Turkey are now on the threshold of important historic opportunities. They want to cooperate independently and determine a new path.Recently, Minister of Economy Nihat Zeybekçi and his Russian counterpart Alexei Ulyukayev held an important meeting in Turkey. Both ministers said that they aimed to upgrade bilateral economic relations with a trade volume of $100 billion (TL 223.5 billion). The trade, which will be conducted in both countries' national currencies, is a step toward a critically important process.One of the most important factors in the current global crisis is the use of the dollar in trade, as countries are forced to buy dollars and finance the U.S. in this way. This is a great challenge and cause of crisis both for Turkey and other countries' economies. As long as strong economies such as Turkey and Russia develop trade in their own currencies, we will see that the cause of global crises will ease. Moreover, there is a great capital stock that has emerged in the Russian economy, which is strong in state-oriented industries of iron and steel, energy, defense and mining. Since the 18th century, Russia has considered Turkey an obstacle to its expansion and reaching the West. The 1853 Crimean War is one of the most evident milestones of this understanding, which was imposed on Russia by the West. Including the Crimean War, neither Russia nor the Ottoman Empire won in Russian-Ottoman wars. The Ottoman Empire was the loser of the war as well, although it formally seems to be the winner. In truth, both of them lost to the West, which was the true victor, and both empires crumbled in the first quarter of the 20th century.Now Russia is realizing this historic truth albeit rather slowly. Russian President Vladimir Putin did not directly object to Turkey's Caspian project even if it conflicts with his short-term interests. Contrary to common belief, a Turkish-Russian strategic alliance does not mean that Turkey will give up NATO membership or forfeit its EU bid. On the contrary, it means a new world that will strengthen these targets.