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The Hartmann Report

POVERTY IN AMERICA

The Hartmann Report

Thom Hartmann

Climate Change, Congress, News, The Hartmann Report, Democracy, Debate, Economics, America, Thom Hartmann

4.51.3K Ratings

🗓️ 4 March 2021

⏱️ 58 minutes

🧾️ Download transcript

Summary

Thom breaks down the impact of the newest US bills, how citizens are impacted economically and what difference the filibuster makes.

Prof. Richard Wolff -  Sanctions on Cuba are again in the news, have economic sanctions ever worked as a foreign policy tool? Do sanctions ever work as good economics?

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Transcript

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0:00.0

This is the Tom Harbin Program.

0:16.7

Welcome back Tom Harbin here with you.

0:18.0

Professor Richard Wolff is on the line with us, the economist, co-founder of democracywork.info.

0:23.2

The author of numerous books is latest, the sickness is the system when capitalism fails

0:27.5

to save us from pandemics or itself now available also as an e-book.

0:32.3

And already Wolff with 2Fs.com, his Twitter handle, Prof Wolff, as in Professor Wolff

0:37.6

with 2Fs.

0:38.6

And Dr. Wolff, the sanctions on Cuba are back in the news.

0:43.9

President Obama had removed some of those sanctions, Donald Trump put them back on.

0:50.5

Now there's a lot of pressure on Joe Biden to remove them and hopefully he will do so

0:53.8

I think it's just good policy.

0:56.4

In the larger frame, in the grand scheme of things, the economic sanctions ever worked

1:03.4

as a foreign policy tool and for that matter do they even make sense if not for foreign

1:08.6

policy purposes, economic sense?

1:11.6

Well, the short answer to your question is they don't work and they don't make any sense.

1:18.1

That is, they don't make any sense as policy or as economic objectives of any kind.

1:23.9

They do make sense in the pandering to particular groups of voters.

1:28.6

And I think that's mostly what these things are about.

1:31.7

And let me explain.

1:33.8

The sanctions against Cuba, which are a good example, but we could use those in place

1:38.0

against Venezuela or those in place against Russia and all the others.

1:44.0

They tend to, unless they're very unusual, they tend to harm large groups of people in

...

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