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Have you never heard of sanctions before ? These are legal mechanisms that dictate the behaviour of companies and are routinely imposed even when the company h
by threeseed 2y ago
Have you never heard of sanctions before ?
These are legal mechanisms that dictate the behaviour of companies and are routinely imposed even when the company has no presence in the country. It is extremely common in the financial sectors e.g. AML/KYC.
Right now the EU for example has sanctions against Russia and Chinese entities.
- DiogenesKynikos 2y agoWhat I wrote seems to have gone completely over your head. Other countries impose sanctions, but "secondary" sanctions are very unusual. I don't know of any other country that imposes secondary sanctions on anywhere near the scale that the United States does. It is extremely unusual for countries other than the US to try to impose their own sanctions regimes on foreign companies operating outside their territory, based only on extremely incidental connections (like use of software written in the country imposing sanctions).
- salawat 2y agoOnly the United States has raised weaponization of network effects to essentially the pinnacle of warfare. Which in essence, geopolitics is.
- kube-system 2y ago"Don't deal with my enemies if you want to be my friend" has been a thing since the ancestors of humans were living in caves and carrying clubs.
- 8note 2y agoDont deal with people who deal with my enemies either.
- riehwvfbk 2y agoDon't deal with some of the people who deal with my enemies. Turkey always gets a special exemption, as do the Saudis.
- theGeatZhopa 2y agoThe enemy of your enemy is your friend. Friends can be made, enemies emerge. And a lot of other Konfuzius'que wisdoms I have to look up again...
- threeseed 2y agoUK and EU has imposed secondary sanctions on Russia and China. And China has used secondary sanctions to prevent support for Taiwan. Either way majority of US secondary sanctions has been for enforcing AML/KYC which other countries simply leverage instead of imposing their own system.
- DiogenesKynikos 2y agoThe UK and EU secondary sanctions are new - literally within the last few months. The US has used secondary sanctions so widely that we may start seeing other countries following suit, as the UK and EU have very recently started to do. On the other hand, I'm unaware of any Chinese secondary sanctions. Maybe there's some example, but the fact that it's difficult to even find any examples illustrates my point: the US' extensive use of secondary sanctions is far beyond what any other country does.