Mixing Finance and Politics

 

Blog dated 13 March 2022 

 

I often, too often, decry the American education system which teaches economics and politics as if they were unrelated ; while most other countries have ‘political economy’  in their core curriculum.  Seldom have I extended the meme to finance, but it is true that  financial activity is only connected to politics when corruption is involved.

 

Now a pair of long article from the team at the Financial Times  has  presented a very practical case study of Finance being  weaponized for political ends.  Both parts are outside the firewall and thus free to read. They were published April 6 and April 7.

 

Weaponisation of finance: how the west unleashed ‘shock and awe’ on Russia

.This is the first of a two-part FT series on the sanctions on Russia’s central bank and a new era of financial warfare....

War in Ukraine: free to read

Financial warfare: will there be a backlash against the dollar?