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The US just outgrew the USSR and there's no single event that caused that. [0 - keep in mind that's a log scale] It became untenable for a relatively small eco
by RC_ITR 4y ago
The US just outgrew the USSR and there's no single event that caused that. [0 - keep in mind that's a log scale]
It became untenable for a relatively small economy like the USSR to compete with the US, and Regan 'turning up the heat' may have had some impact, but it was likely negligable.
The Cold War was lost because Soviet-style economic management failed vs. US Style economic management.
What may have been a somewhat equal fight in 1950 was a joke by 1988.
[0] https://cepr.org/sites/default/files/styles/flexible_wysiwyg/public/image/FromMay2014/harrisonfig1.png?itok=_lHGV6wV https://cepr.org/sites/default/files/styles/flexible_wysiwyg...