Tag: sanctions

Do Western sanctions against Russia work? Such was the question asked by the ‘Economist’ recently. Those sanctions, yes, ‘like none the world has seen’. Well, how does one know that something works, in principle?  In scientific fields, it is rather rigidly understood: something ‘works’ when it achieves the hoped result, and the result is confirmed by comparing the ‘before-policy’ situation to ‘after-policy situation’, and possible alternative explanations that could have generated the result are ruled out definitively. The comparison, in scientific fields, should be based on numerical indicators, not feelings. Presumably, Western sanctions were imposed to end the war against Ukraine. And, presumably, the causal mechanism, if it was ever specified by those who conceived the sanctions, would look something like this: sanctions will be imposed, prices would go up, hopefully scarcity would develop too, Russian population will suffer, it will then turn against Putin and depose him. That will end the war. Has it happened and, if not, how close...