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US Sanctions Are Designed to Kill — Kevin Cashman & Cavan Kharrazian

Summary:
Sanctions are being used against some countries as economic warfare rather than primarily political pressure, and there will be casualties as in any war including "collateral damage." Some people will die. The perps know this. It should be clear that the United States is uniquely positioned to choke off imports and exports from a targeted country using sanctions with deep, negative consequences for that country’s economy, as well as severe constraints on its government’s ability to address economic problems.In Iran’s case, US sanctions mean that production of oil — a vital export — is in free fall, unemployment is on the rise, and record inflation due to scarce imports has made it harder for everyday Iranians to buy basic goods and access life-saving medicine. Recent reports have

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Sanctions are being used against some countries as economic warfare rather than primarily political pressure, and there will be casualties as in any war including "collateral damage." Some people will die. The perps know this.
It should be clear that the United States is uniquely positioned to choke off imports and exports from a targeted country using sanctions with deep, negative consequences for that country’s economy, as well as severe constraints on its government’s ability to address economic problems.

In Iran’s case, US sanctions mean that production of oil — a vital export — is in free fall, unemployment is on the rise, and record inflation due to scarce imports has made it harder for everyday Iranians to buy basic goods and access life-saving medicine. Recent reports have detailed harrowing stories of hospitals running out of crucial cancer medicinesand patients struggling to afford or even find their prescriptions. As in Venezuela and other targeted countries, US sanctions undoubtedly have a human toll associated with them, which will only grow as time goes on. This human impact is one of the main reasons that experts in international law argue unilateral sanctions are illegal under the United Nations Charter and international human rights law.
While Iran has been exploring alternative ways of exporting and importing goods, it’s unclear what more it could do absent relief from sanctions. Even so, US officials will typically place responsibility for the social and economic problems resulting from the sanctions on the Iranian government, as Hook does. But Trump’s comments are more revealing. Sanctions only work because they cause [indiscriminate] suffering in the first place. In effect, the United States is risking — and sometimes ending — the lives of thousands of Iranians with the hope that the Iranian government acquiesces to its demands or is replaced by a more compliant government. That the United States could carry out such a strategy in the first place should raise serious questions among concerned US citizens and within the international community, especially among those who respect international law.
Jacobin
US Sanctions Are Designed to Kill
Kevin Cashman, senior associate at the Center for Economic and Policy Research in Washington, DC., and Cavan Kharrazian, researcher at the Center for Economic and Policy Research in Washington, DC.
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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