20 years of the fall of Berlin Wall

It was November 1987 when Ronald Reagan challenged the communist world to bring down the Berlin wall. The wall that separated two ideologies was now gone on 9th November 1989. The first place where the East Germans flocked was actually a McDonalds, the ultimate symbol of Capitalism. Marxism was dying and so was the ideology. 1989 changed a lot of things and led to geo-political and economic changes across the world. The world was divided in the cold war ere into Capitalists led by US and the Communists led by China and erstwhile USSR. There were trade sanctions imposed on the member of either group by the rival group countries and therefore no growth could be holistic.
The first phase after 1989 saw trade bans on China being lifted despite the Tinamen Square massacre, China has not looked back ever since. It could never have attained their economic superiority if they did not have the markets of the west for their products. The growth has consistently knocked down double digits and is now just a sniffing distance from Japan to become the second largest economy in the world. Americans also benefited from this opening up as their corporations like GE & GM grew to become global powerhouses thanks to the new markets they managed to find for their products.

India too was closer to USSR in the cold war era and we made a conscious effort to move away from that stance as the balance of power was now crossing the Atlantic. India’s emergence in the economic world coincided with the death of Marxism globally. India has emerged a stronger economy on the back of liberalization of our economy, sectors like IT and Auto did not even have a significant existence prior to 89.

Prior to 1989 the world was divided into Marxists and Capitlists and there was an active cold war with limited real conflicts or action, today on the other hand the world is divided into Capitalists and fundamentalists and this is more dangerous than the earlier divide as this divide is on ideology as well as power and it is getting skewed towards the most dangerous places in the world, be it North Korea or Pakistan. Hope this Berlin wall breaks too.