Russian Roulette Chokepoints and Economic Warfare with Edward Fishman
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May 16, 2025 
Edward Fishman, an expert on economic warfare and author of the acclaimed book, discusses the vital shift from globalization to economic tools like sanctions in international relations. He analyzes the complex dynamics of US sanctions on Russia and Iran, highlighting their effectiveness and strategic use. Fishman emphasizes the need for coordinated economic strategies in the face of geopolitical challenges and explores lessons from Iran that could inform future responses to Russian aggression. A thought-provoking dive into the intricacies of economic statecraft!
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Era of Economic Warfare
- Economic warfare is now the primary mode of great power competition, replacing traditional military confrontations.
- Sanctions, tariffs, and export controls are extraordinary government interventions reshaping global capital and trade flows.
Choke Points Explained
- Choke points are critical economic areas where one country dominates with no quick alternatives.
- The US dollar exemplifies such a choke point, enabling huge leverage via sanctions without military force.
Innovating Iran Sanctions
- Stuart Levy innovated sanctions on Iran by persuading banks to shun Iran and threatening dollar access, isolating Iran's financial system.
- This combined with oil sales restrictions brought Iran into recession, paving the way for nuclear deal negotiations.
