Monday , November 4 2024
Home / Mike Norman Economics / Joshua Landis and Steven Simon – The Pointless Cruelty of Trump’s New Syria Sanctions

Joshua Landis and Steven Simon – The Pointless Cruelty of Trump’s New Syria Sanctions

Summary:
Assad Doesn’t Care if More of His People Starve This article frames the US as the good guys, but says sanctions won't work.  In the real world, “quagmire” is simply a misleading term for a failed state. And failed states leave their populations exposed to hunger, disease, poverty, and predatory warlords. The Trump administration skirts this grim reality by insisting that sanctions work. Yet there is little evidence that economic sanctions ever achieve their objectives. Even the best-designed sanctions can be self-defeating, strengthening the regimes they were designed to hurt and punishing the societies they were supposed to protect. The destruction of Iraq’s middle class in the 1990s is a case in point: U.S. sanctions killed hundreds of thousands of Iraqis. Their effect was

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.

Assad Doesn’t Care if More of His People Starve


This article frames the US as the good guys, but says sanctions won't work. 

In the real world, “quagmire” is simply a misleading term for a failed state. And failed states leave their populations exposed to hunger, disease, poverty, and predatory warlords. The Trump administration skirts this grim reality by insisting that sanctions work. Yet there is little evidence that economic sanctions ever achieve their objectives. Even the best-designed sanctions can be self-defeating, strengthening the regimes they were designed to hurt and punishing the societies they were supposed to protect. The destruction of Iraq’s middle class in the 1990s is a case in point: U.S. sanctions killed hundreds of thousands of Iraqis. Their effect was gendered, disproportionately punishing women and children. The notion that sanctions work is a pitiless illusion. The fact is those with guns eat first, and competing with Assad over who can hurt Syrian peasants more is a losing game for Washington. 

Foreign Affairs

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.

Leave a Reply

Your email address will not be published. Required fields are marked *