Comments by "" (@badluck5647) on "Do Sanctions Work? | Economics Explained" video.

  1. That is optimistic bordering on naive.
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  2.  @dodovomitory3496  You are assuming the negotiations are in good faith, and not a method of Putin to buy time to reorganize his troops or to get intel out of the Ukrainian negotiators.
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  3. The black market has risk to it that cost money. This means that Russia will have to pay a premium for illegal imports and sell at a discount for illegal exports. This means they are spending more for less, and selling less for less.
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  4. Hurting the citizens is the point
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  5. Revolutions often happen after a drop in the standard of living. Just look at how high food prices caused the Arab Spring.
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  6.  @MartinMartinm  That is incorrect assumption that protectionism results in better quality. Just look at the car market. Countries that have the strictest restriction on car imports have inferior cars, because they don't have innovate to compete. Consumers just pay more for less.
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  7.  @redplague2133  A drop in one's standard of living is a historically proven catalyst for revolution. Considering how the Russians cheer Putin as he commits war crimes, I don't have any sympathy for Russians as their standard of living drops. They will still be in better shape than the Ukrainians who had their homes destroyed and families murdered by Russians.
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  8.  @MartinMartinm  That only works for Japan and Germany, because their domestic market is small and they primarily build and sell in other countries. Meanwhile, France, Russia, and Italy have protected car markets that produce inferior cars compared to what could be imported.
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  9.  @redplague2133  The worst individuals are those who have ties to Ukraine and choose to do nothing.
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  10.  @redplague2133  Wierd how all those countries were autocratics with Russian support.
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  11.  @redplague2133  Castro and Saddam were supported by Soviet Russia.
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  12. Ask yourself why the Russian trolls are working so hard to convince everyone that sanctions don't work?
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  13. Game theory only works if you assume all players are rational. Many autocrats are driven by ego instead of rational thought.
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  14.  @AusValue  Says the Russian troll with his toilet paper currency.
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