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

<p>On today's episode Walter Smolarek and Prof. Richard &nbsp;Wolff discuss how the leaders of the wealthy G7 nations gathered in &nbsp;Germany this week for a summit focused on isolating Russia from the &nbsp;world economy. The summit discussed attempts to &nbsp;impose a “price cap” on Russian oil exports and a prohibition on &nbsp;trading Russian gold, but is this sanctions regime backfiring on the &nbsp;west?</p> <p>Professor Richard Wolff is an author &amp; co-founder of the organization Democracy at Work. You can find his work at <a href="http://rdwolff.com/" target="_blank">rdwolff.com</a>.</p> <p>Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at <a href="https://gate.sc/?url=http%3A%2F%2Fpatreon.com%2Fthesocialistprogram&amp;token=3045a0-1-1656490918243" rel="nofollow ugc" target="_blank" title="http://patreon.com/thesocialistprogram">patreon.com/thesocialistprogram</a>. &nbsp;We rely on the generous support of our listeners to keep bringing you &nbsp;consistent, high-quality shows. All Patreon donors of $5 a month or more &nbsp;are invited to join the monthly Q&amp;A seminar with Brian.</p>