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.

Avsnitt(457)

A Democrat Who Is Thinking Differently

A Democrat Who Is Thinking Differently

After the elections, I started asking congressional Democrats the same question: If the elections had gone the other way, if they had won a trifecta, what would be their first big bill? In almost every case, they said they didn’t know. That’s a problem.Democrats are in the opposition now. That means fighting the worst of what Trump is doing. But it also means providing an alternative. So one thing I’m going to do this year is talk to Democrats who are trying to find that alternative — an agenda that meets the challenges of the moment, not just one carried from the past.Representative Jake Auchincloss of Massachusetts is the first up to bat. We spoke in January, so we don’t cover the latest Trump news. The conversation is really focused on his ideas, and he has a lot of interesting ones — about the abundance agenda, the attention economy and how Democrats should talk about policy during a second Trump term. I don’t necessarily agree with every idea he offers, but he’s definitely wrestling with that question I posed to other Democrats: What is your alternative?This episode contains strong language.Mentioned:“The Problem With Everything-Bagel Liberalism” by Ezra KleinBook Recommendations:“How Mathematics Built the Modern World” by Bo Malmberg and Hannes MalmbergRadical Markets by Eric A. Posner and E. Glen WeylWhat Hath God Wrought by Daniel Walker HoweThoughts? 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 Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. 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.

18 Feb 1h 3min

The Republican Party’s NPC Problem — and Ours

The Republican Party’s NPC Problem — and Ours

What happens when ambition no longer checks ambition?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 audio essay for “The Ezra Klein Show” was produced by our supervising editor, Claire Gordon. Fact-checking by Michelle Harris. Mixing by Efim Shapiro and Aman Sahota. The show’s production team also includes Rollin Hu, Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. 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.

16 Feb 18min

What if Trump Just Ignores the Courts?

What if Trump Just Ignores the Courts?

We are moving into the next phase of Donald Trump’s presidency. Phase 1 was the blitz of executive actions. Now comes the response from the other parts of the government — namely, the courts.A slew of judges, some of them Republican appointees, have frozen a number of the administration’s most aggressive actions: the destruction of U.S.A.I.D., the spending freeze, DOGE’s access to the Treasury payments system and the executive order to end birthright citizenship, to name just a few.The administration has largely — though not entirely — been abiding by these court decisions. Over the weekend, Vice President JD Vance suggested it might stop. “Judges aren’t allowed to control the executive’s legitimate power,” he posted. Down that path lies a true constitutional crisis.So what happens if the Trump administration simply tells the courts to shove it? And what other pushback and opposition is the administration beginning to face across the government? Quinta Jurecic, a senior editor at Lawfare, joins me to talk it through.Mentioned:“The Situation: What’s Going on at the FBI?” by Benjamin WittesBook Recommendations:A Survivor’s Education by Joy NeumeyerThe Rebel by Albert CamusRace and Reunion by David W. BlightThoughts? 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. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. 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.

11 Feb 1h 34min

What Elon Musk Wants

What Elon Musk Wants

Elon Musk has been on a slash-and-burn tear through the federal government — gaining access to I.T. systems, dismantling U.S.A.I.D. and unleashing a firehose of attacks on his platform, X, accusing the bureaucracy of various conspiratorial crimes.As this all unfolds before our eyes, it’s hard to believe that Musk, not that long ago, was a conventional Obama-era liberal. How did a guy who cared about climate change and going to Mars, whose companies were buoyed by government largess, become Donald Trump’s most unapologetic soldier? What does he hope to do with all this power? What does Musk want?Kara Swisher has been reporting on Musk for decades and is one of the great tech reporters of our age. She hosts the podcasts “On With Kara Swisher” and “Pivot,” with Scott Galloway, and is the author of “Burn Book: A Tech Love Story.”This episode contains strong language.Mentioned:“What’s Wrong With Donald Trump?” by Ezra Klein“The Men and (No) Women Facebook of Facebook Management” by Kara SwisherBook Recommendations:North Woods by Daniel MasonOn Tyranny by Timothy SnyderMemorial Days by Geraldine BrooksThoughts? 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 and Jack McCordick. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Rollin Hu and Kristin Lin. Original music by Pat McCusker. 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.

7 Feb 1h 7min

The Breaking of the Constitutional Order

The Breaking of the Constitutional Order

There are two pieces to this episode. First, a tour of what Donald Trump has done — and what he has backed down from doing — over the last few days. There’s a lesson there. Perhaps Democrats are starting to learn it.Then I wanted to hear the view of Trump’s first weeks back in office from someone on the right — someone who agrees with many of Trump’s policies, but also understands how the government works and who cares about our Constitution.Yuval Levin is the director of social, cultural and constitutional studies at the American Enterprise Institute. His latest book is “American Covenant: How the Constitution Unified Our Nation — and Could Again.” What struck me about our conversation is that, on the one hand, Levin is less alarmed about much of what’s happening than I am. But on the other hand, he’s a lot less impressed by what Trump is actually getting done — and how these moves are likely to work out for him — than most Democrats I know. It’s a perspective very much worth hearing.Mentioned:“Don’t Believe Him” by Ezra KleinBook Recommendations:The Rhetorical Presidency by Jeffrey K. TulisWhy Congress by Philip WallachThe Extinction of Experience by Christine RosenThoughts? 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 and Jack McCordick. Fact-checking by Michelle Harris. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Rollin Hu and Kristin Lin. Original music by Pat McCusker. 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.

5 Feb 1h 19min

Don't Believe Him

Don't Believe Him

Look closely at the first two weeks of Donald Trump’s second term and you’ll see something very different than what he wants you to see.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 audio essay for “The Ezra Klein Show” was produced by our supervising editor, Claire Gordon. Fact-checking by Jack McCordick. Mixing by Isaac Jones. The show’s production team also includes Rollin Hu, Elias Isquith, Kristin Lin and Aman Sahota. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Aaron Retica. 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 Feb 14min

MAGA’s Big Tech Divide

MAGA’s Big Tech Divide

MAGA has long been hostile to Big Tech. So now that Big Tech is shifting rightward, what does that mean for MAGA?“We’re seeing a true political coalition having to navigate very, very big questions about how to keep themselves together,” James Pogue told me. He’s a contributing writer at Times Opinion who has been covering the intellectual ferment on the New Right for years. And he just published a great piece about the tensions between the techno-optimists and skeptics within the MAGA coalition.In this conversation, we cover a lot: How the New Right’s intellectual scene has evolved, the renewed fascination with Ted Kaczynski’s manifesto, why some of the most passionate critics of tech are also the most online, how Robert F. Kennedy Jr. fits into this world, the New Right’s ideas about masculinity and how much Donald Trump cares about any of this.Recommendations:Regime Change by Patrick Deneen“God’s Socialist” by Darryl CooperBetween Two Fires by Stephen PyneThoughts? 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 Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Rollin Hu, Kristin Lin and Jack McCordick. Original music by Pat McCusker. 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.

28 Jan 1h 34min

Let’s Get to the Marrow of What Trump Just Did

Let’s Get to the Marrow of What Trump Just Did

On the first day of President Trump’s second term, he signed a record 26 executive orders. Some of them were really big. Others feel more likely messaging memos. And still others are bound to be held up in the courts. So what does it all amount to? What exactly in America has changed?In a former life, I co-hosted a podcast called “The Weeds” with other policy wonks at Vox, including Dara Lind and Matthew Yglesias. We’ve since gone our separate ways; Lind is currently a senior fellow at the American Immigration Council, and Yglesias is the author of the Substack newsletter Slow Boring. But since this was such a big policy week, I wanted to get some of the band back together.In this conversation, we discuss how much Trump’s immigration orders will actually change our immigration system; whether any of Trump’s orders address Americans’ concerns over prices; how serious Trump actually is about tariffs; and more.Book Recommendations:The Fifth Risk by Michael LewisDemon Copperhead by Barbara KingsolverEveryone Who Is Gone Is Here by Jonathan BlitzerLeft Adrift by Timothy ShenkWhy Nothing Works by Marc J. DunkelmanMiddlemarch by George EliotThoughts? 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 and Jack McCordick. Fact-checking by Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show’s production team also includes Elias Isquith and Kristin Lin. Original music by Pat McCusker. 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.

25 Jan 1h 3min

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