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The Human Cost of Economic Sanctions

On this episode of American Prestige, Mark Weisbrot talks about economic sanctions and how they affect people’s lives.

Daniel Bessner and Derek Davison

July 8, 2025

US Treasury Secretary Scott Bessent speaks about US sanctions on Russia.(Victor J. Blue / Bloomberg via Getty Images)

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The Human Cost of Economic Sanctions | American Prestige
byThe Nation Magazine

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Economist and co-director of the Center for Economic and Policy Research (CEPR) Mark Weisbrot joins the show to talk about economic sanctions and how they affect people’s lives. They discuss the effect of sanctions on migration flows, how the PR about them targeting governments and not civilians is false, how the international financial system and dollar hegemony allow the US to sanction so freely, whether sanctions on other countries actually benefit ordinary Americans, whether tariffs can be considered a form of sanctions, and more.

Check out CEPR’s work for much more material on sanctions.

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Economist and codirector of the Center for Economic and Policy Research (CEPR) Mark Weisbrot joins the show to talk about economic sanctions and how they affect people’s lives. They discuss the effect of sanctions on migration flows, how the PR about them targeting governments and not civilians is false, how the international financial system and dollar hegemony allow the US to sanction so freely, whether sanctions on other countries actually benefit ordinary Americans, whether tariffs can be considered a form of sanctions, and more.

Check out CEPR’s work for much more material on sanctions.

Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.

The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

News — Israel Strikes Syria, Trump Escalates the Economic War on Iran, Potential US-North Korea Diplomacy / American Prestige
byThe Nation Magazine

Danny and Derek must disclose that they have had Hasan Piker on this program. They are listening and learning from him. In this week’s news: Israel bombs a Syrian airbase, potentially moving closer to a conflict with Turkey (1:22); Jared Kushner and Benjamin Netanyahu agree to scrap the Gaza Board of Peace's Hamas disarmament plan (7:09); the Iran MOU expires as Trump escalates the economic war (9:20); the Islamic Republic might restart the shooting war (13:36); the Pentagon and Arab governments rethink America’s military presence in the Gulf (15:58); Trump curtails military exercises with South Korea, possibly moving toward diplomacy with North Korea/DPRK (18:53); the Sudanese military concludes a new cooperation agreement with Saudi Arabia (24:47); the Ebola outbreak in the DRC continues to expand (27:39); in Ukraine, Zelenskyy faces calls for new elections (30:06); Trump suspends new tariffs on Canada (33:01); the U.S. moves Operation Southern Spear onto land (34:50); and a Congressional Budget Office (CBO) report details the cost of the new “Trump class” battleships (36:45).

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Daniel BessnerTwitterDaniel Bessner is a historian of US foreign relations and is the author of, among other books, Imperialist Realism.


Derek DavisonDerek Davison is a writer and analyst specializing in international affairs and US foreign policy. He is the publisher of the Foreign Exchanges newsletter, cohost of the American Prestige podcast, and former editor of LobeLog.


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