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
Richard Murphy – What are monetary and fiscal policy?
Great idea to do this. 99% of human beings (if not more) do not know the difference
Austerity
Quinn Slobodian – Neo-liberalism
Quinn Slobodian, author of Globalists: The End of Empire and the Birth of Neoliberalism, on the history, theory, and practice of the doctrine Listen here
EU politics
Aufhebunga bunga – Europe after Brexit
Until now, most debates about Brexit have only considered the question from the viewpoint of Britain itself and the shambolic process overseen by the Tory government. However, Brexit raises issues that go beyond the UK […]
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