Soviet Union lost Cold War due to being overspent to death in arms race by Reagan and his Star Wars programs. They had decided to drop the towel and re-group ra

Soviet Union lost Cold War due to being overspent to death in arms race by Reagan and his Star Wars programs. They had decided to drop the towel and re-group rather then reverse to pre-1956 economic levels. However the neoliberalism, deregulation and privatization (good ideas in itself) started by Reagan-Thatcher-IMF swung the pendulum too far after 40 years. No one is suggesting collectivization of farms, central planning, high defense spending at the expense of low consumption = Soviet style socialism/war communism. Rather something close to New Deal - Eisenhower era 'socialism' with stronger labour force participation, more state regulation and taking on new monopolies (Google?).