How America’s Ukraine War response endangers our free-market democratic regime
T. Belman. This is a very important article.
By Alexander G. Markovsky, AM THINKER
The capitalist free-market system rests on three pillars: sanctity of contracts, inviolability of private property, and trust in the banking system. Economic sanctions imposed on Russia led to the abrogation of existing contracts, expropriation of Russian companies’ properties, and freezing Russia’s government assets and bank accounts. Moscow reciprocated by expropriating foreign assets on Russian territory. The economic war triggered the collapse of the established exchange of goods and services. The stability and solidity of the capitalist system reliant on economic interdependence dissipated and were replaced by black markets.
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