Today, the United States uses sanctions more than any other country, hitting a third of all nations with financial penalties on people, properties, or organizations. These sanctions have become a default tool in America’s economic warfare, even though their overuse is acknowledged at the highest levels of government. However, American presidents find it hard to resist using them.
By cutting targets off from the Western financial system, sanctions can crush national industries, wipe out personal fortunes, and shift political power in troublesome regimes, all without risking American soldiers’ lives. But as sanctions have multiplied, concerns about their impact have grown reports Washington Post.
In Washington, the explosion of sanctions has created a multibillion-dollar industry. Foreign governments and big corporations spend huge amounts to influence the system, while elite law firms and lobbying groups profit by leveraging their expertise. Meanwhile, sanctions push autocrat...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
