One popular narrative credits the end of the Cold War to a US strategy to bankrupt the Soviet Union. Well aware of the advantage conferred by its superior economic performance, Washington pushed Moscow into a military competition that drained the USSR of its resources. In this narrative, Ronald Reagan’s push to create a missile defense system – realistic or not – was the straw that broke the Soviet back.
PacNet #31 – China Policy: Avoiding a Cold War Redux
June 2, 2011