Changes

Economic sanctions stand in contrast to a [[free market]] where prices, production, and distribution of goods are determined by voluntary exchange between buyers and sellers with [[laissez faire|little or no government control]]. Sanctions rely on heavy [[state]] control, force, coercive [[trade]] blocks, embargoes, [[asset]] freezes, and bans on specific financial transactions.. Free markets rely on minimal intervention and open [[commerce]]. Sanctions aim to disrupt [[economic]] activity for [[political]] goals. Free markets aim to foster economic activity through natural [[supply and demand]]. Sanctions create artificial barriers and prohibitions. Free markets remove barriers to allow smooth exchange.

Economic sanctions stand in contrast to a [[free market]] where prices, production, and distribution of goods are determined by voluntary exchange between buyers and sellers with [[laissez faire|little or no government control]]. Sanctions rely on heavy [[state]] control, force, coercive [[trade]] blocks, embargoes, [[asset]] freezes, and bans on specific financial transactions.. Free markets rely on minimal intervention and open [[commerce]]. Sanctions aim to disrupt [[economic]] activity for [[political]] goals. Free markets aim to foster economic activity through natural [[supply and demand]]. Sanctions create artificial barriers and prohibitions. Free markets remove barriers to allow smooth exchange.

During the [[Cold War]], the "Free World" promoted a [[free market]] whereas the "[[Communist]] [[bloc]]" relied heavily on [[government]] control and sanctions to deny access to their markets and was a defining [[ideological]] division. In the post-Cold War era and [[Unipolar]] moment, the global situation has substantially reversed itself.

During the [[Cold War]], the "Free World" promoted a [[free market]] whereas the "[[Communist]] [[bloc]]" relied heavily on [[government]] control and sanctions to deny access to their markets and was a defining [[ideological]] division.<ref>[https://www.oerproject.com/OER-Materials/OER-Media/HTML-Articles/Origins/Unit8/Cold-War-An-Overview Cold War: An Overview]. By Burleigh Hendrickson. oerproject.com.</ref> In the post-Cold War era and [[Unipolar]] moment, the global situation has substantially reversed itself.<ref>[https://yjil.yale.edu/posts/2023-06-28-the-antinomies-of-peaceful-economic-sanctions The Antinomies of “Peaceful” Economic Sanctions], Eva Nanopoulos, ''Yale Journal of International Law]], June 28, 2023.</ref>

==References==

==References==