The book explores the interconnectedness of the Soviet Union's collapse, the reforms in China and Vietnam, and the ongoing crisis in East Asia, emphasizing the crisis of state-controlled economies amid globalization. David Lockwood posits that rather than marking a definitive historical turning point, the fall of the Soviet Union exemplifies broader global processes. He argues that globalization was instrumental in dismantling communist systems and continues to pose challenges to state-controlled economies across various regions.
