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

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

The Russian political scientist Ilya Matveev recently described the impact of the West’s sanctions on his country as “30 years of economic development thrown into the bin.” He’s not exaggerating. Economists expect the Russian economy to contract by at least 15 percent of G.D.P. this year. Inflation is spiking. An exodus of Russian professionals is underway. Stories of shortages and long lines for basic consumer goods abound.

The U.S. and its allies have turned to sanctions as a way of taking action against Russia’s atrocities without direct military intervention. But to describe these sanctions as anything short of all-out economic warfare is euphemistic. Measures like these might be cloaked in the technocratic language of finance and economics, but the immiseration they cause is anything but abstract.

Nicholas Mulder is a historian at Cornell University and the author of the terrifyingly relevant new book “The Economic Weapon: The Rise of Sanctions as a Tool of Modern War.” In it, Mulder focuses on the last time economic warfare was waged at the scale we’re witnessing today, the period between World War I and World War II. And the book’s central lesson is this: We ultimately don’t know what’s going to happen when sanctions of this magnitude collide with the ideologies, myths and political dynamics of a given country. They could persuade the targeted country to back down. But they could also make it so desperate that it becomes more aggressive or lashes out — as Germany and Japan did on the eve of World War II.

So this is a discussion about what kind of weapon sanctions are, whether they actually achieve their goals and how they might shape the future of the Russia-Ukraine conflict — and the world. We also explore how sanctions “weaponize inflation,” whether they could lead to Vladimir Putin’s downfall in Russia, the toll they have taken on the Russian economy, how the West can leverage its sanctions to help bring about an end to the war in Ukraine, whether a European energy embargo could backfire, how this economic war is destabilizing countries around the world, the humanitarian crisis U.S. sanctions are helping create in Afghanistan, and what a foreign policy that didn’t rely so heavily on sanctions could look like.

This episode is guest hosted by Rogé Karma, the staff editor for “The Ezra Klein Show.” Rogé has been with the show since July 2019, when it was based at Vox. He works closely with Ezra on everything related to the show, from editing to interview prep to guest selection. At Vox, he also wrote articles and conducted interviews on topics ranging from policing and racial justice to democracy reform and the coronavirus.

Mentioned:

The Inflation Weapon: How American Sanctions Harm Iranian Households” by Esfandyar Batmanghelidj

Iran, Sanctions and Inflation as a Weapon of Mass Destruction” by Spencer Ackerman

Oligarchy by Jeffrey A. Winters

If Joe Biden Doesn’t Change Course, This Will Be His Worst Failure” by Ezra Klein

Book recommendations:

Collapse by Vladislav M. Zubok

The Perfect Fascist by Victoria de Grazia

My Century by Aleksander Wat

Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

“The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Michelle Harris, Kate Sinclair and Mary Marge Locker; original music by Isaac Jones; mixing by Jeff Geld; audience strategy by Shannon Busta. Our executive producer is Irene Noguchi. Special thanks to Kristin Lin and Kristina Samulewski.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Jaksot(470)

How Biden’s Middle East Policy Fell Apart

How Biden’s Middle East Policy Fell Apart

On Oct. 6 of last year, the Biden administration was hammering out a grand Middle East bargain in which Saudi Arabia would normalize relations with Israel in exchange for a Palestinian state. And even after Hamas’s attack the following day, the U.S. hoped to keep that deal alive to preserve the conditions for some kind of durable peace. But that deal is now basically unviable. The war is expanding. Israel may be on the verge of occupying Gaza indefinitely and possibly southern Lebanon, too. So why was President Biden ineffective at achieving his goals? In the past year, has the U.S. been able to shape this conflict at all?Franklin Foer recently wrote a piece in The Atlantic trying to answer these questions. And he starts with the Biden administration’s attempts to de-escalate tensions in the Middle East — an effort that began well before Oct. 7. In this conversation, Foer walks through his reporting inside the diplomatic bubble of the conflict and the administrations of other Middle Eastern states that have serious stakes in Israel’s war in Gaza.Book Recommendations:Our Man by George PackerSee Under by David GrossmanCollected Poems by Rita DoveThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris, with Mary Marge Locker and Kate Sinclair . Our senior engineer is Jeff Geld, with additional mixing by Efim Shapiro, Isaac Jones and Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Emma Ashford, Shira Efron, Natasha Hall, Richard Haass, Michael Koplow, Selcuk Karaoglan and Switch and Board Podcast Studio. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

8 Loka 20241h 31min

The Economy Is at a Hinge Moment

The Economy Is at a Hinge Moment

The economy has hit a hinge moment. For the past few years, inflation has been the big economic story — the fixation of economic policymakers, journalists and almost everyone who goes to the grocery store. But economists now largely see inflation as tamed. It’s still a major political issue; the country continues to reel from years of rising prices, and there is a real affordability crisis. But that isn’t all the next administration will have to deal with. So what does it mean to fight the next economic war rather than the last one?Jason Furman is an economics professor at Harvard and a former chair of the Council of Economic Advisers under Barack Obama. Furman has closely tracked the inflation crisis over the past few years, and he’s deeply knowledgeable about how economic policy is made.In this conversation, we discuss why the inflation crisis upended the expectations of so many economists and what we’ve learned for the next time inflation strikes, what he expects to see with mortgage rates and the housing market, the upcoming fight over Donald Trump’s expiring tax cuts, the good and the bad in Kamala Harris’s housing policy and why there seems to be so little concern from either party about the ever-growing U.S. debt.Mentioned:“The Economic Theory Behind JD Vance’s Populism” with Oren Cass on The Ezra Klein Show“Trump’s Most Misunderstood Policy Proposal” by Oren Cass“In Defense of the Dismal Science” by Jason FurmanBook Recommendations:How the World Became Rich by Mark Koyama and Jared RubinThe Goodness Paradox by Richard WranghamThe Ladies’ Paradise by Émile ZolaThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones, Efim Shapiro and Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Tyler Cowen, Veronique de Rugy, Desmond Lachman, Lindsay Owens, Nathan Tankus, Isabella Weber and Sonia Herrero. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

4 Loka 20241h 30min

The V.P. Debate Came Down to One Moment

The V.P. Debate Came Down to One Moment

The most consequential and revealing exchange during the vice-presidential debate on Tuesday came toward the end, when JD Vance was asked whether he would seek to challenge this year’s election results. That one moment proved that he can’t be trusted with the office he seeks.But the 85 minutes preceding that moment had a lot of interesting policy discussion, so we couldn’t resist talking about that, too.This episode contains strong language.Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by our senior editor, Claire Gordon. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Aman Sahota. Our senior engineer is Jeff Geld. The show’s production team also includes Annie Galvin, Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

2 Loka 202451min

About the Coming Paywall

About the Coming Paywall

In a couple weeks, the archives of our show will only be available to subscribers. Here’s why that’s happening and what to expect. To learn more, go to nytimes.com/podcasts. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

1 Loka 20244min

MAGA Is Not as United as You Think

MAGA Is Not as United as You Think

I’ve been fascinated by the problem Donald Trump faces with Project 2025. Trump has been caught in an awkward position, disavowing the document itself, but unable to fully disavow the people behind it. So I wanted to do an episode not just on Trump, but on the unwieldy coalition that has formed around him — what is sometimes referred to as the “New Right.”Emily Jashinsky is the D.C. correspondent and host of “Undercurrents” for UnHerd, a co-host of “Counter Points” with Ryan Grim, and a former editor at The Federalist, one of the most influential sites among conservatives today. She’s described herself as someone with “a foot in both camps” of the “Old Right” and the “New Right.” So I thought she’d be a great guide to understanding how the conservative movement has changed.In this conversation, we discuss the key differences between the Old Right and the New Right; what the New Right wants; why New Right thinkers are so interested in the concepts of “modernity” and “virtue”; and what influence the New Right might have in a second Trump administration.Mentioned:The Virtue of Nationalism by Yoram HazonyBook Recommendations:Primal Screams by Mary EberstadtThe Devil’s Chessboard by David TalbotThe Screwtape Letters by C. S. LewisThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Elias Isquith. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones and Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Rollin Hu and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Efim Shapiro. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

27 Syys 20241h 6min

What Pete Buttigieg Learned Playing JD Vance

What Pete Buttigieg Learned Playing JD Vance

America has become increasingly polarized when it comes to trust. Voters who distrust the system — who see institutions as corrupt and are prone to conspiracy theories — have long existed on the far left and far right. But Donald Trump seems to have sparked a realignment, what the writer Matthew Yglesias calls “the crank realignment.” The G.O.P. is now the political home of the distrustful, and Robert F. Kennedy Jr.’s Trump endorsement was a clear sign of these changing times.In 2020, Pete Buttigieg wrote a book on trust in politics. And he’s been persistent in making the case — in speeches, on TV — for what he calls “a better kind of politics.” So I wanted to talk to him about his theory of politics. Why does he think so many Americans have lost trust in the government? What responsibility does the Democratic Party have here? And how does he believe trust can be restored?Note: I invited Buttigieg on the show in his personal capacity so we could discuss his thoughts on the election without violating the Hatch Act, which prohibits members of the government from campaigning in their official guise. This also means I wasn't able to ask Buttigieg many questions about his work as transportation secretary. But I think we still had a pretty fascinating conversation.Book Recommendations:Morning and Evening by Jon FosseThe Future Is History by Masha GessenMr. Churchill in the White House by Robert SchmuhlThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Jonah Kessel, Elliot DeBruyn and Selcuk Karaoglan. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

24 Syys 202459min

Israel vs. Hamas, Hezbollah, Iran — and Itself

Israel vs. Hamas, Hezbollah, Iran — and Itself

It’s been almost a year since Oct. 7. More than 40,000 Palestinians in Gaza are dead. The hostages are not all home, and it doesn’t look like there will be a cease-fire deal that brings them home anytime soon. Israeli politics is deeply divided, and the country’s international reputation is in tatters. The Palestinian Authority is weak. A war may break out in Lebanon soon. There is no vision for the day after and no theory of what comes next.So I wanted to talk to David Remnick, the editor of The New Yorker. Remnick has been reporting from Israel for decades and has a deep familiarity and history with both the region and the politics and the people who are driving it. He first profiled Benjamin Netanyahu back in 1998. In 2013, he profiled Naftali Bennett, the politician leading Netanyahu in polls of who Israelis think is best suited to be prime minister. And he recently profiled Yahya Sinwar, the head of Hamas in Gaza.In this conversation, we talk about what Remnick learned profiling Netanyahu, Bennett and Sinwar, as well as where Israel’s overlapping conflicts with Hamas, the Palestinian Authority, Hezbollah and Iran sit after nearly a year of war. Remnick and I were both recently in Israel and the West Bank, as well as near Israel’s border with Lebanon, and we discuss our impressions from those trips.Mentioned:“Notes from Underground” by David Remnick“The Party Faithful” by David Remnick“The Outsider” by David RemnickThe Bibi FilesBook Recommendations:Hope Against Hope by Nadezhda MandelstamThese Truths by Jill LeporeCosmopolitanism by Kwame Anthony AppiahThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Elias Isquith. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota and Isaac Jones. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Rollin Hu and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

20 Syys 20241h 16min

Zadie Smith on Populists, Frauds and Flip Phones

Zadie Smith on Populists, Frauds and Flip Phones

I stumbled on a Zadie Smith line recently that stopped me in my tracks. She was writing in January 2017, and describing the political stakes of that period — Brexit in the U.K., Trump in the U.S. — and the way you could feel it changing people.“Millions of more or less amorphous selves will now necessarily find themselves solidifying into protesters, activists, marchers, voters, firebrands, impeachers, lobbyists, soldiers, champions, defenders, historians, experts, critics. You can’t fight fire with air. But equally you can’t fight for a freedom you’ve forgotten how to identify.”What Smith is describing felt so familiar — how politics can sometimes feel like it demands we put aside our internal conflict, our uncertainty, so we can take a strong position. I see it so often in myself and people around me, and yet I rarely hear it talked about. And Smith’s ability to give language to these kinds of quiet battles inside of ourselves is one reason she’s been one of my favorite writers for years.Smith is the author of novels, including “White Teeth,” “On Beauty” and “NW,” as well as many essays and short stories. Her latest novel, “The Fraud,” also deals with politics and identity. It’s about a case in 19th-century London, but it has eerie resonances with our current political moment. I wasn’t surprised to learn that Trump and populism were front of mind for her when she wrote it. In this conversation, we discuss what populism is really channeling, why Smith refuses the “bait” of wokeness, how people have been “modified” by smartphones and social media, and more.This episode contains strong language.Mentioned:Feel Free by Zadie Smith“Fascinated to Presume: In Defense of Fiction” by Zadie SmithAmusing Ourselves to Death by Neil Postman“Generation Why?” by Zadie SmithBook Recommendations:The Director by Daniel KehlmannThe Rebel’s Clinic by Adam ShatzThe Diaries of Virginia WoolfThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota and Efim Shapiro. Our senior editor is Claire Gordon. The show’s production team also includes Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

17 Syys 20241h 12min

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