As the drumbeat
for military action against Iran grows louder, some members of
Congress are calling to expand the longstanding U.S. trade ban
that bars American companies from investing in that nation. In
fact, many war hawks in Washington are pushing for a comprehensive
international embargo against Iran. The international response
has been lukewarm, however, because the world needs Iranian oil.
But we cannot underestimate the irrational, almost manic desire
of some neoconservatives to attack Iran one way or another, even
if it means crippling a major source of oil and destabilizing
the worldwide economy.
Make no mistake
about it: Economic sanctions are acts of aggression. Sanctions
increase poverty and misery among the very poorest inhabitants
of targeted nations, and they breed tremendous resentment against
those imposing them. But they rarely hurt the political and economic
elites responsible for angering American leaders in the first
place.
In fact,
few government policies are as destructive to our economy as the
embargo.
While embargoes
sound like strong, punitive action, in reality they represent
a failed policy that four decades of experience prove doesn't
work. Conversely, economic engagement is perhaps the single most
effective tool in tearing down dictatorships and spreading the
message of liberty.
It is important
to note that economic engagement is not the same thing as foreign
aid. Foreign aid, which should be abolished immediately, involves
the US government spending American tax dollars to prop up other
nations.
Embargoes
only hurt the innocent of a targeted country. While it may be
difficult for the leader of an embargoed nation to get a box of
American-grown rice, he will get it one way or another. For the
poor peasant in the remote section of his country, however, the
food will be unavailable.
It is difficult
to understand how denying access to food, medicine, and other
products benefits anyone. Embargo advocates claim that denying
people access to our products somehow creates opposition to the
despised leader. The reality, though, is that hostilities are
more firmly directed at America.
Father Robert
Sirico, a Paulist priest, wrote in the Wall Street Journal
that trade relations "strengthen people's loyalties to each
other and weaken government power." To imagine that we somehow
can spread the message of liberty to an oppressed nation by denying
them access to our people and the bounty of our prosperity is
contorted at best.
For more
than thirty years we have embargoed Cuba in an attempt to drive
Fidel Castro from power. Yet he remains in power. By contrast
look at the Soviet Union, a nation we allowed our producers to
engage economically. Of course the Soviet Union has collapsed.
Embargoes
greatly harm our citizens. As the American agricultural industry
continues to develop new technology to reduce costs and increase
yields, it becomes more important for farmers and ranchers to
find markets outside the United States to sell their goods so
they can make ends meet. By preventing our farmers and ranchers
from competing in the world market, we deny them very profitable
opportunities.
Government
meddling is always destructive to the free market; people inevitably
will make wiser decisions about how to spend their money, with
whom, and when, than politicians in Washington. Embargoes simply
do not accomplish the ends advocates claim to desire, and are
extremely harmful to the well-being of Americans.