
March 21, 2022 Michael Hudson on Ukrainian Sanctions Ross Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia. Ross Michael Hudson, always a pleasure to have you on the programme, welcome to Renegade Inc. Michael Hudson Thank you for inviting me. Ross Michael, sanctions, sanctions, sanctions is all we hear now. We're sanctioning people. The West sanction people back to the Stone Age. What are the unintended consequences of sanctions? Michael Hudson Well, one is to serve very much like a protective tariff on the sanctioned country. For instance, when America made sanctions on European trade with Russia, ...