The price of sanctions on Iran
From an LATimes article looking at the impact and effectiveness of the sanctions on Iran,
"Now, doing business with anywhere other than China or Russia is too much of a pain...."
"Now, doing business with anywhere other than China or Russia is too much of a pain...."
posted by mikevotes at
8:12 AM
4 Comments:
I don't know crap, but that doesn't stop my brain form saying, "Hmm, I wonder..."
With America a debtor nation, with Asian economies rising as the dollar becomes weaker and weaker, with more and more significant and high profile foreign (sovereign) investment in (and bail out of) American financial institutions, with the rest of the world predicting a US recession while Bush says "tax cuts, tax cuts", with the Arab world and the Middle East seeing Bush as largely irrelevant vis a vis foreign policy... One has to wonder whether these sanctions will only serve to quicken the fall of Western world influence and, conversely, the rise of Asia and the East as the new center of global economic power.
No, not immediately. I'm pondering the glacial movement of shifting economic influence... not some Big Bang of a shift.
By
-epm, at 9:21 AM
Well, Iran isn't enough of a powerhouse to make that big of a difference, but the broader trend is certainly there. Frankly, that's one of the underlying points of this blog.
Right now, they all still have too much invested in the US, both in US currency, debt, and in the US as a consumer, but in the broader trend, that's where we're going.
By
mikevotes, at 10:54 AM
"Right now, they all still have too much invested in the US,..."
It seems to me this is an argument for why foreign powers can influence US policy, not the other way 'round. Is this you're view too?
By
-epm, at 11:28 AM
It's both. Both sides have leverage because neither side can stand drastic moves from the other.
By
mikevotes, at 2:10 PM
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