Bloomberg Businessweek How America Turned the World Economy Into a Weapon
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Feb 26, 2025 
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.
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US Economic Power
- The U.S. government can inflict significant economic harm on other nations.
- This is due to its control over crucial areas like the U.S. dollar and semiconductor technology.
Impact of Russian Sanctions
- Many companies ceased Russian operations after the Ukraine invasion, like McDonald's and Coca-Cola.
- Despite initial predictions, these actions didn't immediately cripple Putin's government.
Evolution of Choke Points
- Traditional choke points were geographical, like the Bosphorus strait.
- Modern choke points are economic, like control over the US dollar or specific supply chains.
