Sanctions are working in Iran. They’ll work better against North Korea, and here’s why.
Drag a modest grant check through DuPont Circle and you’ll accumulate at least ten pundits, several dozen grad students, and a multitude of assorted kooks who would willingly write you an academic paper entitled, “Why Sanctions Never Worked.” And that’s true, except for South Africa, Yugoslavia, Burma, Nauru, Al Qaeda, Iran, and North Korea, and only if you limit the argument to trade sanctions and exclude other tools of economic pressure, like coordinated divestment, third-party financial sanctions like those in Section...