I certainly wouldn't say that we loved the arms race. Trillions of dollars were used to stoke it. For our economy, which was smaller in size than the American economy, it was a burden. But one cannot agree with the statement that the arms race played the key role in the collapse of the Soviet Union.
What happened to the Soviet Union happened mainly for domestic reasons. It was a failure of the model based on a command economy and dictatorship. The rejection of freedom and democracy, the decisionmaking monopoly of one party, and the monopoly of one ideology all had a chilling effect on the country. That model turned out to be incapable of making structural changes. It did not open up ways for initiative and was overly centralized.
One of the reasons why this country undertook military action in Iraq was that there are quite a few problems here, and perhaps attention needed to be deflected from those problems. It sometimes seems that the U.S. economy works successfully only if it gets a stimulus from the defense industry. So perhaps in addition to showing the power and the might of the United States internationally, another reason was to help the defense industry and to help the U.S. economy recover.
I support freedom and I support a free market economy, but it should be a socially oriented market economy. I support globalization, but it should be globalization with a human face.
It sometimes seems to me that some of our Western partners do not want Russia to fully recover. They would like Russia to be in a subdued state, and they want Russian resources to be used for the benefit of the U.S. economy.
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