Arguably, the 90s had been the most peaceful (with the exception of few conflicts) and most prosperous decade. The world was just coming out from the spectre of the cold war as a result of collapse of communism, and globalisation is ramping up with many countries signing free trade agreements. But if you ask me, the 00s is arguably more peaceful and more prosperous decade than the 90s, because there were fewer conflicts and we’re enjoying the full peak economic prosperity of globalisation and free trade. However, globalisation is mismanaged and we were living in borrowed time during the era as deregulation of free trade led us to the Great Recession. And now we’re in downward spiral since with economic austerity having been applied; more conflicts spewing again; and nativist counterculture is trying to reverse globalisation.
Arguably, the 90s had been the most peaceful (with the exception of few conflicts) and most prosperous decade. The world was just coming out from the spectre of the cold war as a result of collapse of communism, and globalisation is ramping up with many countries signing free trade agreements. But if you ask me, the 00s is arguably more peaceful and more prosperous decade than the 90s, because there were fewer conflicts and we’re enjoying the full peak economic prosperity of globalisation and free trade. However, globalisation is mismanaged and we were living in borrowed time during the era as deregulation of free trade led us to the Great Recession. And now we’re in downward spiral since with economic austerity having been applied; more conflicts spewing again; and nativist counterculture is trying to reverse globalisation.