Chokepoints
American Power in the Age of Economic Warfare
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Narrateur(s):
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Robert Petkoff
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Auteur(s):
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Edward Fishman
À propos de cet audio
"Deftly written, Chokepoints is a compelling and dramatic narrative about the new shape of geopolitics."
— Daniel Yergin, The Wall Street Journal
"A timely, riveting world tour...[An] absorbing book."
— The Economist
“Remarkable...One of the most important books on economic warfare ever written.”
— Paul Kennedy, author of The Rise and Fall of the Great Powers
The epic story of how America turned the world economy into a weapon, upending decades of globalization to confront a new authoritarian axis—Russia, China, and Iran.
It used to be that ravaging another country’s economy required blockading its ports and laying siege to its cities. Now all it takes is a statement posted online by the U.S. government.
In Chokepoints, Edward Fishman, a former top American sanctions official, takes us deep into the back rooms of power to reveal the untold history of the past two decades of U.S. foreign policy. As Vladimir Putin, Xi Jinping, and Ayatollah Khamenei wreaked havoc on the world stage, mavericks within the U.S. government built a fearsome new arsenal of economic weapons. Successive U.S. presidents have relied on these weapons to address the most pressing national security threats—for good and for ill.
Chokepoints provides a thrilling account of one of the most transformative developments of our time, demystifying how the U.S. government harnesses the power of Wall Street, Silicon Valley, and Big Oil against America’s enemies. At the center of the narrative are the trailblazing diplomats, lawyers, and financial whizzes who have masterminded America’s escalating economic wars against Russia, China, and Iran.
Control over economic chokepoints—such as the U.S. dollar, advanced microchip technology, and critical minerals—has become the key to geopolitical power in the twenty-first century. The result is a new world order: an economic arms race among great powers and a fracturing global economy. Chokepoints is the definitive account of how America pioneered a new, hard-hitting style of economic warfare—and how it’s changing the world.
Complex Economic Relations.
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Chokepoint does an excellent job unpacking something many of us intuitively accept but rarely examine: why the U.S. dollar sits at the center of the global financial system. Fishman focuses less on decline scenarios and more on the institutional, historical, and structural reasons the dollar became—and remains—the anchor currency.
(Ray Dalio’s #TheChangingWorldOrder is a great complementary read on reserve currency transitions.)
The book traces the idea of chokepoints from Ancient Greek naval blockades and Sun Tzu’s notion of winning without fighting, to the modern world—where globalization depends on a handful of critical systems: banking, insurance, shipping, technology, and financial access. Bretton Woods formalized this architecture, and over time these systems evolved into powerful tools of economic statecraft.
A particularly compelling section explores how sanctions and control of the global banking system became the preferred instruments of pressure—capable of inflicting real economic pain without firing a shot, but only as long as countries remain dependent on the same financial rails.
The book closes on a sobering note: economic warfare is not a permanent equilibrium. Over time, its overuse pushes nations toward siloed economies, alternative systems, and fractured spheres of influence where sanctions lose their bite. The darker possibility Fishman leaves us with is harder to ignore—that if economic tools stop working, the world may revert to something far more familiar… and far more dangerous.
Great breakdown of tools used by the dominant reserve currency…
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