Edward Fishman: American Power in the Age of Economic Warfare

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 in global finance and technology. Successive U.S. presidents have relied on these unconventional weapons to address the most pressing national-security threats, for good and for ill.

Join us as Fishman shares a thrilling account of one of the most critical geopolitical developments of our time, demystifying the complex strategies the U.S. government uses to harness the power of Wall Street, Silicon Valley and Big Oil against America’s enemies. At the center of the narrative is an eclectic group of policy innovators: the diplomats, lawyers and financial whizzes who’ve masterminded America’s escalating economic wars against Russia, China and Iran.

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Commonwealth Club World Affairs is a public forum. Any views expressed in our programs are those of the speakers and not of Commonwealth Club World Affairs.

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