Sanctioning Russia Is a Form of War. We Need to Treat It Like One.

April 1, 2022

Guests: Nicholas Mulder

Nicholas Mulder is a historian at Cornell University and author of The Economic Weapon: The Rise of Sanctions as a Tool of Modern War, a history of economic warfare between the world wars. He analyzes sanctions as a form of war, their devastating effects on civilians, their poor track record of success, and what history — from 1930s Japan to the Iran deal — teaches about their use against Russia.

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About this episode

Guest host Rogé Karma, sitting in for Ezra Klein, interviews historian Nicholas Mulder, author of The Economic Weapon, about the West's sanctions on Russia. Mulder argues sanctions are not an alternative to war but a form of war itself — one that immiserates civilians while rarely achieving its aims, succeeding only 10 to 30 percent of the time. They discuss the interwar origins of sanctions as a total weapon, how Germany and Japan responded to economic pressure in the 1930s, whether the Russia sanctions could back Putin into a corner or force a settlement, the Iran nuclear deal as a model, and the spillover damage to the global South. The conversation closes on whether sanctions can be paired with diplomacy and reconstruction rather than wielded alone.

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