Arms race
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In politico-military terms, the term arms race refers to a situation where two countries continuously try to surpass each other in terms of military capacity.
While some might argue that arms races are pointless, U.S. President Ronald Reagan succeeded in winning the Cold War against the Soviet Union by forcing their inefficient economic system into bankruptcy by pursuing the (pre-existing) arms race more aggressively.
Arms races have occurred through out history, with a particularly large one preceding, and serving as a precursor to, World War I.
