"By the time Reagan entered the White House, the Soviet economy had sunk into such a state of stagnation that it was obvious that communism had failed and a radically new approach was required. No one realized this more than Mikhail Gorbachev. Even though there never was much likelihood that SDI would render Soviet missiles ineffective, he nevertheless was obliged to take seriously America's technological potential and the strategic impact of even an imperfect defense. He also realized that the Soviet Union had insufficient economic strength to compete with the United States in another technological arms race. Nor could the Soviet Union continue to expend its resources competing with the United States in the Third World. Pressed by his country's economic weakness and alarmed by the increasing risks of a nuclear war, Gorbachev was more than willing to attempt to end the Cold War. Its resolution would enable him to reduce his country's expensive military establishment as well as obtain badly needed economic assistance from the West. Accordingly, Gorbachev changed the ideological content and declared goals of Soviet foreign policy and moved away from the concept of international class war toward a vision of peace and cooperation with the West."
January 1, 1970
https://en.wikiquote.org/wiki/Mikhail_Gorbachev