1989: End or Beginning?

Financial Times: "Victory in the Cold War was a Start as well as an Ending."

Anniversaries are a good time for taking stock. The collapse of Soviet communism was a glorious moment. It remains so, despite mistakes and disappointments along the way. But today’s crisis tells us of the failings of a euphoric capitalism. Capitalism will not now perish, as communism did. But the signal ability of liberal democracy is to learn and adapt. We learnt from the 1930s. We must now learn the lessons of the 2000s.

Good assignment for the final WC week, when matched to other thoughts about periodization.