Tag Archives: Berlin Wall

The Economics Behind the Fall of the Berlin Wall, by Ryan McMaken

The 30th anniversary of the fall of the Berlin Wall was Friday. One obvious lesson that won’t be mentioned much from the fall of the wall and the subsequent dissolution of the Soviet Union: socialism doesn’t work. From Ryan McMaken at mises.org:

Friday marks the thirtieth anniversary of the fall of the Berlin Wall. Like most historical events that are commemorated as if they took place on a single day, the fall of the Berlin Wall on November 9, 1989, was just one of many interrelated events that led to the end of the system of Soviet client states in Eastern Europe, and the end of the Soviet Union itself, in December of 1991.

With the fall of the Berlin Wall, East Germans, who had lived under severe restrictions on travel and emigration, were able to freely travel to West Berlin, which continued a chain of events already begun earlier that year in which many anti-Soviet dissidents throughout Eastern Europe became emboldened and met with unprecedented success. Meanwhile, East Germans flooded into neighboring countries by the thousands, seeking refuge from Soviet-sponsored oppression in Austria and West Germany.

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