Commanding Heights – Part 2 of 3: The Agony Of Reform

Created on Saturday, 08 January 2011 11:16

The Battle For The World Economy – II:  The Agony Of Reform

As the 1980s begin and the Cold War grinds on, the existing world order appears firmly in place. Yet beneath the surface powerful currents are carving away at the economic foundations. Western democracies still struggle with deficits and inflation, while communism hides the failure of its command economy behind a facade of military might.

 

In Latin America populist dictators strive to thwart foreign economic exploitation, piling up debt and igniting hyperinflation in the process.

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