Will the West, not Russia, Lose the Most from the Global Sanctions Regime?

On today's episode Walter Smolarek and Prof. Richard Wolff discuss how the leaders of the wealthy G7 nations gathered in Germany this week for a summit focused on isolating Russia from the world economy. The summit discussed attempts to impose a “price cap” on Russian oil exports and a prohibition on trading Russian gold, but is this sanctions regime backfiring on the west? Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.