Today, Explained

How sanctions backfire

13 snips
Sep 5, 2024
Join Jeff Stein, a White House economics reporter for The Washington Post and co-author of "The Money War," as he dives deep into the world of American sanctions. He reveals how these measures, meant to cripple economies, often backfire and yield unexpected consequences, particularly in countries like Venezuela and Syria. Stein shares insights on the evolution of sanctions and their implications for U.S. foreign policy. He even hints at looming economic conflicts with powers like China, making it clear that the stakes are higher than ever.
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ANECDOTE

Extensive Sanctions List

  • The U.S. has major sanctions on numerous countries, including Iran, North Korea, and Venezuela.
  • This partial list highlights the extensive use of sanctions in U.S. foreign policy.
INSIGHT

Sanctions vs. War

  • Sanctions are presented as a better alternative to war.
  • However, they often go unnoticed, unlike wars, which receive significant public attention.
INSIGHT

Post-War Sanctions

  • The rise of sanctions followed the backlash against the wars in Iraq and Afghanistan.
  • Both political parties sought ways to influence international affairs without large-scale military deployments.
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