Commonwealth Club Of California Podcast

Economic warfare has become the primary way the United States confronts international crises and counters rivals. Sometimes it has achieved spectacular success; other times, bitter failure. The result we live with today is a new world order: an economic arms race among great powers and a fracturing global economy. 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. Edward Fishman, a former top State Department sanctions official and author of the new book Chokepoints, goes deep into the back rooms of power to reveal the untold history of the last two decades of U.S. foreign policy, in which America renounced the gospel of globalization and waged a new kind of economic war. 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, exploiting America’s dominance