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Absolutely.I think it is a little more involved than that. Two declining superpowers trying to gather as much influence. Neither is near their apex following WW2 but that has to be expected.
It is how it has always been, but for this exceptional circumstance.
It mirrors hard antiSoviet Reagan coming to power at the same time as Gorby, who had to steer a failing state away from disaster and satellite revolt.
With the exception that Gorbachev was an intellectual and actually understood things.