{"id":40873,"date":"2022-01-20T20:12:02","date_gmt":"2022-01-20T11:12:02","guid":{"rendered":"https:\/\/www.theguardian.com\/commentisfree\/2022\/jan\/20\/keynes-warned-the-world-against-using-economic-sanctions-his-alternative-is-worth-considering"},"modified":"2022-01-20T20:12:02","modified_gmt":"2022-01-20T11:12:02","slug":"keynes-warned-the-world-against-using-economic-sanctions-his-alternative-is-worth-considering-nicholas-mulder","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=40873","title":{"rendered":"Keynes warned the world against using economic sanctions. His alternative is worth considering | Nicholas Mulder"},"content":{"rendered":"<p>In 1924, the economist argued that aiding our allies is more effective than sanctioning our foes. That lesson should be heeded today<\/p>\n<p>The United States has come to rely on economic sanctions more than ever before. Following its retreat from Kabul in August, Washington has maintained economic pressure on the Taliban. The treasury\u2019s freezing of $9.5bn in Afghan state assets has left that impoverished country facing <a href=\"https:\/\/www.nytimes.com\/2021\/12\/04\/world\/asia\/afghanistan-starvation-crisis.html\">starvation<\/a> this winter. Two weeks ago, US officials <a href=\"https:\/\/www.axios.com\/us-snapback-sanctions-iran-deal-211bbb13-d587-4bd3-bdfc-89f842bbc148.html\">warned<\/a> Iran, already under heavy economic pressure, that it will face \u201csnapback\u201d sanctions unless Tehran restrains its nuclear ambitions.<\/p>\n<p>Most prominent of all is the sanctions threat that the Biden administration issued against Russia last month. In the face of a large Russian military buildup on the borders of Ukraine, Joe Biden <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/12\/08\/remarks-by-president-biden-before-marine-one-departure-10\/\">announced<\/a> on 8 December that Vladimir Putin will face \u201csevere consequences, economic consequences like none he\u2019s ever seen or ever have been seen\u201d if he escalates into open conflict.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/jan\/20\/keynes-warned-the-world-against-using-economic-sanctions-his-alternative-is-worth-considering\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 1924, the economist argued that aiding our allies is more effective than sanctioning our foes. That lesson should be heeded todayThe United States has come to rely on economic sanctions more than ever before. Following its retreat from Kabul in Augu&#8230;<\/p>\n","protected":false},"author":2812,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[46,221,419,61,930,47,42],"tags":[],"class_list":["post-40873","post","type-post","status-publish","format-standard","hentry","category-afghanistan","category-europe","category-russia","category-south-and-central-asia","category-ukraine","category-us-news","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/40873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2812"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40873"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/40873\/revisions"}],"predecessor-version":[{"id":40874,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/40873\/revisions\/40874"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}