The oil boom and subsequent bust

This is the final episode of the Sarah Paine lecture series, and it’s probably my favorite one. Sarah gives a “tour of the arguments” on what ultimately led to the Soviet Union’s collapse, diving into the role of the US, the Sino-Soviet border conflict, the oil bust, ethnic rebellions and even the Roman Catholic Church. As she points out, this is all particularly interesting as we find ourselves potentially at the beginning of another Cold War.

As we wrap up this lecture series, I want to take a moment to thank Sarah for doing this with me. It has been such a pleasure.

If you want more of her scholarship, I highly recommend checking out the books she’s written. You can find them here.

Watch on YouTube; read the transcript.

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Timestamps

(00:00:00) – Did Reagan single-handedly win the Cold War?

(00:15:53) – Eastern Bloc uprisings & oil crisis

(00:30:37) – Gorbachev’s mistakes

(00:37:33) – German unification and NATO expansion

(00:48:31) – The Gulf War and the Cold War endgame

(00:56:10) – How central planning survived so long

(01:14:46) – Sarah’s life in the USSR in 1988