What is the Munich Security Conference? Why is it important?

Well, it started 1962 and at the time it was the height of the Cold War and it was the West versus the Soviets. The world breaking into security blocks and all of the heads of state and ministers of defense getting together and finding a way to try to ensure there was coordination of policy and avoid World War III. And eventually, defeat the Soviets. Life very different now, obviously. The world has changed dramatically, but the institutions like NATO, not so much. And that misalignment is enormously concerning to a lot of the people that are committed to the transatlantic relationship and what Western security is all about.