logo
episode-header-image
Mar 2023
1h 19m

Economic Warfare: A History

JORDAN SCHNEIDER
About this episode

Today we’re releasing part one of our a two-part conversation with Nick Mulder, a history professor at Cornell and author of The Economic Weapon: The Rise of Sanctions as a Tool of Modern War — a Foreign Affairs Best Book of 2022.

With cohost Lars, Schönander, we discuss:

  • The recent advent of the use of sanctions (for example, in the Crimean War, Britain continued to fulfill payments to Russia, the nation it was fighting right then!)
  • Why Europeans were reluctant to employ blockades and sanctions in the early twentieth century, and how their thinking evolved through two world wars
  • How Wilson’s notion of “moral sanctions” and decision to keep blockades in place after the war were important to the development of sanctions, especially during the interwar period
  • The League of Nations’ efforts to establish a “positive sanctions” fund, and why the concept never took off
  • Nick’s take on why Hoover is underrated
  • When and why Italy almost fought a war against Germany over Austria


Stay tuned for part two, when we connect this sanctions history to implications to US-China relations today!

Nick’s excellent book: https://www.amazon.com/Economic-Weapon-Rise-Sanctions-Modern/dp/0300259360


Outro music: https://www.youtube.com/watch?v=kzd4VtkNjmc


Check out the newsletter and other ChinaTalk content at chinatalk.media.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Today
Second Breakfast: Drones, Silicon Shield, Waymo, FedFest, Bolton
Israeli/Ukranian-style bolt from the blue drone attacks freak out Eric. I don't buy Silicon Shield. Lessons from Waymo on about the future of warfare. Intertextual analysis of the Mick Ryan interview. Fed Supernova, which is a terrible name for a conference, and counterintelligen ... Show More
54m 18s
Aug 22
NVIDIA GPU Black Market Smuggling
Are GPUs being smuggled into China? Nvidia says no. But Steve Burke, editor in chief of Gamer Nexus, has traced out the entire smuggling chain in an epic three-hour YouTube documentary. He filmed another three-hour documentary exploring the impact of tariffs on America’s supply c ... Show More
56m 46s
Aug 20
Learning from Ukraine, Preparing for Taiwan
Mick Ryan is a retired major general in the Australian army and author of three books — War Transformed: The Future of Twenty-First-Century Great Power Competition and Conflict, White Sun War, which is a piece of fiction about a near-future Taiwan war, and The War for Ukraine: St ... Show More
1h 7m
Recommended Episodes
Feb 2024
Money Talks: Is the West losing its sanctions war?
It's been two years since Russia brought war to Ukraine. America, Britain and the European Union may not have intervened by putting boots on the ground—but they have launched a massive financial counteroffensive. Vladimir Putin’s government, his cronies and the businesses profiti ... Show More
42m 42s
Aug 2022
Money Talks: Who is winning the sanctions war?
At the outset of Russia’s invasion of Ukraine, the West united to impose unprecedented sanctions on Vladimir Putin’s regime. Six months on, a furious debate has erupted about the true state of Russia’s economy, which has so far defied the gloomiest predictions.. So is the West lo ... Show More
38m 58s
Aug 2022
Money Talks: Who is winning the sanctions war?
At the outset of Russia’s invasion of Ukraine, the West united to impose unprecedented sanctions on Vladimir Putin’s regime. Six months on, a furious debate has erupted about the true state of Russia’s economy, which has so far defied the gloomiest predictions.. So is the West lo ... Show More
38m 58s
Mar 2022
Can the West Stop Russia by Strangling its Economy?
There’s the Russia-Ukraine war that’s easy to follow in the news right now. We can watch Russian bombs falling on Ukraine, see Russian tanks smoking on the side of the road, hear from Ukrainian resistance fighters livestreaming their desperate defense.But there’s another theater ... Show More
1h 35m
Jul 2022
How the US learned to love sanctions
The US hoped sanctions would end Russia’s war in Ukraine quickly. We revisit our conversation with historian Nicholas Mulder who explains the surprising history of economic penalties as a weapon of war.This episode was produced by Amina Al-Sadi, edited by Matt Collette and Sean R ... Show More
27m 5s
Nov 2020
War: What Is it Good For?
We talk to the historian Margaret MacMillan about the changing character of war, from the ancient world to the twenty-first century. Do we still understand the risks? Where are the conflicts of the future likely to break out? And how can we reconcile the terrible destructiveness ... Show More
38m 1s
Mar 2022
How Putin’s war is reshaping Europe’s alliances
Europe has been united by opposition to Putin’s war in Ukraine, but will this new found unity last and will Russia be permanently isolated? Gideon talks to Alexander Stubb, former prime minister of Finland, about how the conflict is reshaping Europe’s alliances with the rest of t ... Show More
18m 51s
Mar 2022
Bear trapped: the sanctions on Russia
The West’s co-ordinated financial weaponry is starting to bite, opening a new age of economic conflict; once-unthinkable oil embargoes seem now to be on the table. Taiwan is another democratic country with a big, bullying neighbour; we examine how the war has sparked introspectio ... Show More
25m 36s
Dec 2022
Babbage: The surprising ineffectiveness of Russia’s cyber-war
When Russia invaded Ukraine, for the first time ever, two mature cyber-powers began to fight over computer networks in wartime. But while Russia’s cyber-war may have been intense, its impact has been modest. Has the country’s cyber prowess been overrated? The Economist’s Benjamin ... Show More
36m 46s
Mar 2024
The Economic War: How Hard Are Sanctions Hitting Russia?
Since Russia launched its full-scale invasion of Ukraine, it has been subject to thousands of sanctions from the West - but despite this, Russia’s economy is thriving. So how is the world’s most sanctioned country getting around them? And what does this tell us about how effectiv ... Show More
27m 4s