Chokepoints

AN INSTANT NEW YORK TIMES BESTSELLER "Deftly written, Chokepoints is a compelling and dramatic narrative about the new shape of geopolitics." — Daniel Yergin, The Wall Street Journal “Remarkable...One of the most important books on economic warfare ever written.” — Paul Kennedy, author of The Rise and Fall of the Great Powers The epic story of how America turned the world economy into a weapon, upending decades of globalization to take on a new authoritarian axis—Russia, China, and Iran. 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. In Chokepoints, Edward Fishman, a former top State Department sanctions official, takes us 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. Chokepoints provides 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. 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. Chokepoints is the definitive account of how America pioneered this new, hard-hitting style of economic war—and how it’s changing the world.
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THE INSTANT NEW YORK TIMES BESTSELLER Longlisted for the FT Business Book of the Year Award AN ECONOMIST 'BEST BOOK OF 2025' 'Chokepoints is a masterful narrative of US economic warfare in the 21st century.' Financial Times 'A timely, riveting world tour ... absorbing' The Economist 'Compelling and dramatic' Wall Street Journal 'A gripping, firsthand account. Unparalleled.' Chris Miller, author of Chip War If you want to understand what's happening to the world economy, start right here. It used to take blockades and sieges to ravage a rival's economy. Now, a single statement posted online by the US government can bring a nation to its knees. Chokepointsis a gripping behind-the-scenes account of one of the most pivotal geopolitical shifts of our time. Drawing on extensive research, personal experience and interviews with key players, Edward Fishman, a former top US State Department official, takes us deep into the back rooms of power around the world. He reveals how sanctions, tariffs and control over modern-day chokepoints - such as the US dollar, advanced microchip technology and critical energy supply chains - have become the primary weapons of twenty-first-century geopolitics. This is the epic story of how America turned economics into a weapon - and how China, Europe and Britain are now doing the same. Urgent and brimming with rare insight, Chokepointsis the definitive guide to the Age of Economic Warfare.