Once the fear of nuclear holocaust, Gorbachev's primary motivation for ending the Cold War, had vanished, peace became possible. And with it came an unprecedented decade of international cooperation, based on revived multilateralism, regional integration and meaningful progress to protect fundamental rights, symbolized by the creation of the International Criminal Court.
Further, during the 1990s – a decade of hope above all – we witnessed the end of Apartheid, the independence of East Timor, the consolidation of democracy in Latin America and a vast movement of economic reform in Asia, ushering in an end to the poverty and misery of hundreds of millions of people.
Profit and consumption
Liberal democracy, it seemed then, should have triumphed forever, as Fukuyama rashly predicted it would, in his End of History. But little attention was paid to those who were left behind, those for whom this democratic feast left a bitter after-taste.
From the Balkans, from the mass graves of Srebrenica, came a tragic warning –claims of there being no alternative to liberal democracy were premature, to say the least. Identity nationalism had returned to Europe, with a demagogic discourse drawn from past chimera and made up of historical resentments, resentment that was to be fed by the 2008 financial crisis and the vast discontent with social inequality.
In short, in the frenetic pace of those early years of a new era, after the implosion of the Soviet Union, we overlooked the fact that it was not only freedom, but also a particular vision of society that had triumphed, a vision in which profit and consumption were the supreme good.
The triumphalism of the major victors of the Cold War, freed from the spectre of communism, was based on the conviction that nothing could still oppose neoliberal globalization, that the risk of social revolt which had legitimized social democracy, had collapsed like the stones of the Wall that they had demolished. However, the proposed remedy, embodied in the Washington Consensus, was to prove deadly for the transition from a centrally-planned economy to one based on capitalism.
The democratic transition in Russia was the first victim. Capitalism had to be restored in full immediately and those left behind were the ‘undeserving’ who did not know how to adapt to a new world in which economic success was the barometer of happiness.
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