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Edward Fishman: Rivals Beat U.S. at Its Own Game
Washington once enjoyed a near monopoly over this type of economic warfare, but now American consumers and companies are starting to feel the pain.
Recent global conflicts have exposed a major shift in economic power, as countries like China and Iran increasingly weaponize control over key “chokepoints” in the global economy. China’s dominance in rare earth minerals and Iran’s control of the Strait of Hormuz have both forced the United States into strategic retreats, highlighting new vulnerabilities in an interconnected world.
According to Edward Fishman, author of Chokepoints: American Power in the Age of Economic Warfare, the global economy was built for a more cooperative era, but is now being reshaped by rising geopolitical competition. As nations recognize the strategic value of economic dependencies, trade relationships are no longer just pathways for growth—they are tools of leverage.
Fishman emphasizes that this trend will continue as countries adapt, invest in domestic production, and attempt to reduce reliance on foreign supply chains. The result is a fundamental transformation of the global economic system, where power increasingly lies not just in military strength or financial sanctions, but in control over critical resources and trade routes.
Visit The Washington Post to read the full article.
Edward Fishman is one of the world’s foremost experts on economic statecraft, with deep experience shaping U.S. foreign policy. His New York Times–bestselling book Chokepoints: American Power in the Age of Economic Warfare is widely regarded as definitive and essential to understand how sanctions, tariffs, and export controls are reshaping the world. A Columbia University scholar, he brings sharp, timely insights into how economic warfare is transforming geopolitics and the business landscape. His ability to translate complex global dynamics into compelling narratives makes him a standout keynote speaker for any audience. Contact us today to learn more.
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