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Patrick Cockburn — It’s time we saw economic sanctions for what they really are – war crimes

Summary:
The record of economic sanctions in forcing political change is dismal, but as a way of reducing a country to poverty and misery it is difficult to beat. UN sanctions were imposed against Iraq from 1990 until 2003. Supposedly, it was directed against Saddam Hussein and his regime, though it did nothing to dislodge or weaken them: on the contrary, the Baathist political elite took advantage of the scarcity of various items to enrich themselves by becoming the sole suppliers.… There is nothing very new in this. Economic sanctions are like a medieval siege but with a modern PR apparatus attached to justify what is being done. A difference is that such sieges used to be directed at starving out a single town or city while now they are aimed at squeezing whole countries into submission....

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The record of economic sanctions in forcing political change is dismal, but as a way of reducing a country to poverty and misery it is difficult to beat. UN sanctions were imposed against Iraq from 1990 until 2003. Supposedly, it was directed against Saddam Hussein and his regime, though it did nothing to dislodge or weaken them: on the contrary, the Baathist political elite took advantage of the scarcity of various items to enrich themselves by becoming the sole suppliers.…
There is nothing very new in this. Economic sanctions are like a medieval siege but with a modern PR apparatus attached to justify what is being done. A difference is that such sieges used to be directed at starving out a single town or city while now they are aimed at squeezing whole countries into submission....
Non-combatants bear the brunt of economic warfare. This is not "collateral damage." A civilian population is targeted intentionally in the expectation of fomenting internal strife that will weaken the regime, and ideally spark revolt.

Independent (UK)
It’s time we saw economic sanctions for what they really are – war crimes
Patrick Cockburn
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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