STANFORD – When the Berlin Wall fell a quarter-century ago this November, pundits led by Francis Fukuyama proclaimed the end of history – the triumph of democratic capitalism over all rival systems. America’s economic success and the collapse of communism fed the narrative. The long political, intellectual, and, at times, military confrontation that we knew as the Cold War was over.
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September 25th, 2014
Policy “Crimes”
Image by © Dreamstime
by Michael J. Boskin
STANFORD – When the Berlin Wall fell a quarter-century ago this November, pundits led by Francis Fukuyama proclaimed the end of history – the triumph of democratic capitalism over all rival systems. America’s economic success and the collapse of communism fed the narrative. The long political, intellectual, and, at times, military confrontation that we knew as the Cold War was over.
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The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
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