A conflict between the two superpowers would trigger mutually assured financial destruction.
“Mutually assured destruction” was one of those blood-chilling concepts that emerged from the game theory approach to nuclear strategy. For my generation, the initials MAD summed up the surreal nature of the global contest between the US and the Soviet Union that I now think of as Cold War I.
“Assured destruction” was a concept born in the 1960s, as the Soviets began to catch up with the US in terms of warheads, launchers and throw weight. As defense secretary, Robert McNamara embraced the theories of the Harvard economist Thomas Schelling about a “stable” balance of terror. This was based on the combination of an American capacity for a vastly destructive retaliatory attack on the Soviet Union, and an American vulnerability to such an attack by Moscow.
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