How America Turned the World Economy Into a Weapon
Feb 26, 2025
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Edward Fishman, a Columbia University Professor and sanctions expert, dives into economic warfare and the effectiveness of U.S. sanctions post-Ukraine invasion. He emphasizes the emerging alternatives to dollar dominance, highlighting the crucial future of digital currencies. Oskar Lewnowski, CEO of Orion Resource Partners, discusses recent copper tariff proposals and their impact on global supply chains, while stressing the importance of domestic copper processing for national security amidst rising geopolitical tensions.
The evolving regulatory landscape for cryptocurrency in the U.S. signals a potential shift towards broader adoption and integration with traditional finance.
The concept of economic warfare, particularly through choke points, highlights the U.S. strategy in leveraging financial systems to influence global political outcomes.
Deep dives
Regulatory Clarity in the Crypto Space
A significant change has occurred in the regulatory landscape surrounding cryptocurrency in the U.S., indicating that regulatory clarity may be on the horizon. Key political figures from both parties are acknowledging the growing importance of crypto, which reflects a shift towards a more comprehensive regulatory approach. This change will likely unlock benefits for the industry, paving the way for broader adoption and integration into traditional financial systems. As discussions continue, the optimistic outlook suggests that innovations in the crypto space could be met with supportive regulations that foster growth and security.
Economic Warfare and Choke Points
The concept of economic warfare, particularly through the use of choke points, is crucial in understanding U.S. foreign policy and its impact on global dynamics. Historically, choke points referred to geographic features used to exert pressure, but now they encompass financial systems and critical technologies like semiconductors. For example, sanctions can inflict economic harm, but their effectiveness often hinges on translating that harm into desired political outcomes, which can be challenging. The U.S. dollar remains a pivotal tool in this strategy, influencing international trade and economic competition with nations like China and Russia.
AI's Role in Competitive Advantage
Artificial intelligence (AI) is rapidly transforming industries by enhancing productivity and enabling faster decision-making processes, making it a critical factor for businesses to consider. Companies that fail to adopt AI tools may find themselves at a significant disadvantage compared to their competitors who are leveraging these technologies. However, harnessing AI requires substantial computational power, leading to rising costs, especially with traditional cloud services. By utilizing Oracle Cloud Infrastructure (OCI), businesses can significantly reduce their operational costs while still meeting their AI demands, positioning themselves favorably in a technology-driven market.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Edward Fishman, Professor at Columbia University, discusses his book Chokepoints: American Power in the Age of Economic Warfare. Oskar Lewnowski, Founder and Group CEO at Orion Resource Partners, talks about President Trump signing an executive action directing the Commerce Department to examine possible copper tariffs. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.