Soviet Union Dissolved 20 Years Ago Today

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On December 8, 1991, the Soviet Union was dissolved. They didn’t have much of a choice of course. The Soviet Economy collapsed under its own weight as Ludwig von Mises had predicted decades before. Yet, when Gorbachev became premier of the USSR in 1985, few would have predicted such a turn of events. The CIA, clueless as always, was convinced the USSR was an economic powerhouse, destined for eternal rule. We know now that was just wishful thinking. Some spies had already reported the weakness of the Soviet state and its economy. But spooks and former spooks like George H.W. Bush just couldn’t bear the thought of a world without the Cold War, so faith in the eternal struggle between the Megastates was maintained until the bitter end.

The essentially bloodless overthrow of communist states across eastern Europe is one of the great triumphs of human history. Today’s CIA and the KGB agents of yesteryear, like Putin, no doubt miss the good ol’ days, but for those who love freedom, today is a day worth remembering.

By the way, it wasn’t Reagan who ended the Cold War.

1:07 pm on December 8, 2011
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