17 April 2015

America's Not-So-Ultimate Weapon: Economic Warfare

April 14, 2015 

The roots and manifestations of American exceptionalist thinking go way back. One of those manifestations is the use of economic measures as a weapon intended to coerce or deny. The specific thinking involved is that such measures employed by the United States, and even the United States alone, should be enough to induce or force change in other countries. The thinking is solipsistic insofar as it centers narrowly on the idea of American will and the exercise of American power and, as too often has been the case, pays insufficient attention either to the other nation's motivations or to what damage or denial the United States is inflicting on itself.

More than two centuries ago the young American republic made one of its first big attempts at such economic warfare. The Embargo Act of 1807 shut down U.S. overseas trade in an attempt to get the warring European powers Britain and France to respect U.S. neutrality. President Thomas Jefferson's intentions were honorable in that he genuinely sought neutrality in the European war—unlike so many today who, if they see an armed conflict going on somewhere in the world, believe it necessary for the United States to take sides even if there are bad guys on more than one side. Jefferson also saw the embargo as an alternative to war rather than a prelude to it—unlike many today, who are both sanctions hawks and military hawks.

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