Ahh, the South Africa analogy. After posting the same thread about four times, RWA has discovered that South Africa changed their policies after we embargoed them. A few minor points (which will be ignored/forgotten until the next China thread):
* South Africa is a democracy. The unsavory nations you have in mind are not. In a democracy, punishing the citizens of another country *may* get them to choose different leaders. In a dictatorship, they couldn't care less. You will NOT get dictators to change their positions by hurting their people, you will only give them a great scapegoat. They will succeed in pinning ALL their woes on us, even the ones they created for themselves. This explains why embargoing South Africa got the desired result, while embargoing Cuba, Iraq, North Korea, etc. didn't.
* South Africa: 47 million, if wikipedia is correct. China: 1.3 billion. Russia: 144 million. Africa, the middle east, much of south america, etc.? Well over a billion. You're talking about embargoing over half the earth's population, compared to 47 million.
* None of our remaining trading partners will cease trading with these countries. Our companies will flock to them. Now we've got to embargo them, too, I suppose.
* China can dump a trillion dollars, which will set off panic selling of dollars in other banks. Japan has nearly a trillion, etc. The value of the dollar would go way down, the value of whatever is purchased with those dollars (probably natural resources, iron, gold, gasoline, etc.) would go up.
So let's see...massive tariff wars all around combined with hyperinflation and mass unemployment. That may sound great to some, but personally I'd like to avoid a repeat of 1920's~40's Germany, on a larger scale, this time with deadlier weapons. That's just me though.
Just curious RWA, are you from north of the mason-dixon line?