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That’s not true. Economic sanctions is the ultimate weapon these days. Look at Ukraine and Russia. Russia is now in its 5th year of sanction from EU and US and

That’s not true. Economic sanctions is the ultimate weapon these days. Look at Ukraine and Russia. Russia is now in its 5th year of sanction from EU and US and others. As a result, a withering economy and massive population outflow for Russia. Also look at the effects of sanctions against Iran and Venezuela. Both are collapsing. Imagine the effects of sanction on an economy as big as China.

dflock 7y ago
If you owe the bank $10k, the bank owns you. If you owe the bank $10b, you own the bank. Sanctions against China would be fairly painful for the rest of the world, too.
- est31 7y ago
  Sanctions are always painful to both sides. But it's usually one coutry vs most of the rest of the world. Each country only cuts off ties with that one country, so the relative impact of that action is small. The sanctioned country has its ties cut off by most if not all trading partners, culminating negative effects and adding some synergies on top, yielding a big impact for that country.
  - dflock 7y ago
    > Each country only cuts off ties with that one country, so the relative impact of that action is small Right... that's my point: the relative impact of cutting off ties to China would be pretty large, given that it's the worlds factory. They would be worse for China, but more painful for everyone else than existing sanctions.
- expressrunning 7y ago
  Sanctions against Russia didn't have much impacts on European/US consumers. Tariffs against China didn't have much impacts on European/US consumers. You get the idea.
  - dflock 7y ago
    > Sanctions against Russia didn't have much impacts on European/US consumers. Russia isn't an export/manufacturing powerhouse, unlike China. The one thing that Russia does export that EU consumers are about - oil & gas - isn't subject to sanctions.
Bendingo 7y ago
> a withering economy [...] for Russia The Russian economy is growing, not withering: "Although economic sanctions tightened, [...] Russian economy expanded at a 1.6 percent pace in the year just ended," - [1] (or [2] if you think rt.com is fake news). > massive population outflow for Russia It is true that Russia population is decreasing, although Poland, Germany, Hungary, Japan etc are decreasing even more [3]. It's hyperbolic to describe this as "massive". [1] - https://www.rt.com/business/448357-russian-economy-grows-sanctions/ https://www.rt.com/business/448357-russian-economy-grows-san... [2] - http://www.worldbank.org/en/news/press-release/2019/01/08/darkening-prospects-global-economy-to-slow-to-29-percent-in-2019-as-trade-investment-weaken http://www.worldbank.org/en/news/press-release/2019/01/08/da... [3] - https://www.indexmundi.com/g/r.aspx?v=24 https://www.indexmundi.com/g/r.aspx?v=24

dflock 7y ago

If you owe the bank $10k, the bank owns you. If you owe the bank $10b, you own the bank. Sanctions against China would be fairly painful for the rest of the world, too.

est31 7y ago
Sanctions are always painful to both sides. But it's usually one coutry vs most of the rest of the world. Each country only cuts off ties with that one country, so the relative impact of that action is small. The sanctioned country has its ties cut off by most if not all trading partners, culminating negative effects and adding some synergies on top, yielding a big impact for that country.
- dflock 7y ago
  > Each country only cuts off ties with that one country, so the relative impact of that action is small Right... that's my point: the relative impact of cutting off ties to China would be pretty large, given that it's the worlds factory. They would be worse for China, but more painful for everyone else than existing sanctions.
expressrunning 7y ago
Sanctions against Russia didn't have much impacts on European/US consumers. Tariffs against China didn't have much impacts on European/US consumers. You get the idea.
- dflock 7y ago
  > Sanctions against Russia didn't have much impacts on European/US consumers. Russia isn't an export/manufacturing powerhouse, unlike China. The one thing that Russia does export that EU consumers are about - oil & gas - isn't subject to sanctions.

Bendingo 7y ago

> a withering economy [...] for Russia The Russian economy is growing, not withering: "Although economic sanctions tightened, [...] Russian economy expanded at a 1.6 percent pace in the year just ended," - [1] (or [2] if you think rt.com is fake news). > massive population outflow for Russia It is true that Russia population is decreasing, although Poland, Germany, Hungary, Japan etc are decreasing even more [3]. It's hyperbolic to describe this as "massive". [1] - https://www.rt.com/business/448357-russian-economy-grows-sanctions/ https://www.rt.com/business/448357-russian-economy-grows-san... [2] - http://www.worldbank.org/en/news/press-release/2019/01/08/darkening-prospects-global-economy-to-slow-to-29-percent-in-2019-as-trade-investment-weaken http://www.worldbank.org/en/news/press-release/2019/01/08/da... [3] - https://www.indexmundi.com/g/r.aspx?v=24 https://www.indexmundi.com/g/r.aspx?v=24