3min chapter

Pitchfork Economics with Nick Hanauer cover image

The Rise and Fall of the Neoliberal Order (with Gary Gerstle)

Pitchfork Economics with Nick Hanauer

CHAPTER

The U.S. and Soviet Economic Competition: A Historical Perspective

This chapter delves into the intense rivalry between the U.S. and the Soviet Union during the mid-20th century, particularly in terms of economic and technological growth. It examines how the U.S. leveraged deregulation and innovation to establish itself as a global leader, contributing to the eventual decline of the Soviet command economy.

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