Nicholas Mulder, an assistant professor at Cornell and author of "The Economic Weapon," dives into the intriguing history of economic sanctions as instruments of warfare. He discusses the paradox of sanctions, revealing their limited success and unexpected consequences, especially in the wake of World War I and II. The talk also highlights the complexities of U.S. sanctions, particularly regarding Russia, and suggests that while these measures can weaken economies, diplomatic strategies might prove more effective in resolving conflicts.
The US hopes the threat of sanctions will dissuade Russia from invading Ukraine. Historian Nicholas Mulder explains the surprising history of economic penalties as a weapon of war.
This episode was produced by Amina Al-Sadi, edited by Matt Collette and Sean Rameswaram, engineered by Efim Shapiro, fact-checked by Laura Bullard and hosted by Noel King.