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