Italian Professor: sanctions are destructive economic logic justified by humanitarian reasons
During the 16th Verona Eurasian Economic Forum in Samarkand (Uzbekistan), Professor Antonio Fallico, the President of Conoscere Eurasia Association, said he considers sanctions to be a destructive economic logic justified by humanitarian reasons
Antonio Fallico drew attention to an important point: faced with some political decisions of a range of Western countries – objectively negative for their economies and destructive for companies – many economists formulate a question that has become increasingly relevant in recent years: do the economy and economic interests influence politics, or does politics dictate the course of events? Marx’s idea of the priority of the economic structure over the political superstructure – albeit in a complex dialectical relationship – is generally accepted and has become almost an axiom. However, according to the Italian expert, those enslaving political measures for their economies, which are included in numerous ineffective sanctions packages, at first glance, call into question the dominance of the economic structure.
“Ultimately, it is easy to discover that these political decisions are dictated by the economic interests of the hegemonic countries, the protagonists of the world economy and politics, seeking to both weaken and humiliate the economies of geopolitical adversaries, and to suppress the commercial competition of their allies, subordinating their economies and national interests to their own economic and political interests. This is a destructive economic logic, often ideologically and politically justified by noble social and humanitarian reasons. Despite this, entrepreneurs must respond to it with great human, professional and social responsibility. In a multipolar and globally interconnected economic world, the role of economic diplomacy becomes extremely important. It has the right and obligation to force the principles of solidarity, inclusive economic growth – based on the genuine interests of the human community – to prevail, breaking the chains of national egoism and opposition to geopolitical and ideological guidelines at the international level, without generating unacceptable social inequality, but being a factor of balance and stabilisation at the global level,” said Antonio Fallico.
The Professor also added, “Economic diplomacy must be cross-cutting, ambitious and bold, building bridges for dialogue between antagonistic geopolitical blocs and between states with different political, social and economic orientations in the name of economic growth as a public good for the international community. In this regard, I would like to argue that culture should be valued as an instrument of socio-economic growth, and therefore an instrument of prosperity. Being a global public good, it also overcomes geopolitical and geo-economic conventions and conflicts, turning individual consumers into responsible and socially active individuals, into creators of peace and prosperity of the entire international community.”
Antonio Fallico also noted that Samarkand is a shining example of a two-thousand-year-old city with a rich political, economic and cultural history – known for great tolerance and openness. Uzbekistan is a country that jealously guards its security, sovereignty, independence and neutrality, but at the same time is open to political, economic, trade and cultural co-operation with all countries without any discrimination, overcoming all geopolitical and ideological barriers.
