James Galbraith discusses the unintended effects of Western sanctions on Russia, arguing that they have, in many respects, benefited the Russian economy in the long term. Contrary to the goals of defunding the war and degrading Russia’s military capacity, sanctions have led to economic adjustments that have fostered Russia’s independent development. Galbraith points out that despite initial disruptions, Russia adapted by focusing on domestic production and diversifying its economic partnerships. This analysis provides a nuanced view of economic sanctions’ real-world impacts, suggesting that their effectiveness and consequences are more complex than commonly understood.
Economics
The Basics of Modern Money
A simple explanation of Modern Monetary Theory
Austerity
The Real News Network: David Harvey – The Persistence of Neoliberalism Despite its Loss of Legitimacy
Neoliberalism continues in national and transnational institutions, even though it has lost legitimacy as an ideology and has even penetrated progressive thinking, argues Prof. David Harvey Part 1 Part 2
Economics
Renegade Inc: Renegade Predictions 2022
In this edition of Renegade Inc., host Ross Ashcroft, met up with five friends of the show to ask them about what surprised them over the last year and, as importantly, what they foresee happening […]
Be the first to comment