Chokepoints

American Power in the Age of Economic Warfare

By: Edward Fishman

Narrated by: Robert Petkoff

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.

©2025 Edward Fishman (P)2025 Penguin Audio

Critic reviews

"In Chokepoints, Edward Fishman delivers a gripping, first-hand account of America's efforts to weaponize the world economy against its resurgent adversaries. From the U.S. campaign to curtail Iran’s nuclear program to today's cutting-edge effort to stop China from accessing AI chips, Chokepoints is an unparalleled guide to America's use of sanctions and export controls over recent decades. Essential reading for understanding the new age of economic warfare."—Chris Miller, author of Chip War

“Brilliant, timely, and impossible to put down, Chokepoints is one of those rare books that utterly changes how you see the world. Edward Fishman pulls back the curtain on the hidden world of economic warfare, telling the untold story of how a rogue group of U.S. officials quietly reinvented U.S. foreign policy. He puts readers in the room as policymakers experiment with sanctions and other once-obscure tools to fight the biggest geopolitical threats of the day: a nuclear Iran, a resurgent Russia, and an assertive China. Combining the insider knowledge of a practitioner, the analytical insight of a scholar, and the narrative instincts of a born storyteller, Fishman has written a book that is as engrossing as it is urgent. No one seeking to understand the global economy or America's role in the world can afford to ignore this indispensable page turner.”—Stuart A. Reid, Executive Editor of Foreign Affairs and author of The Lumumba Plot

“Brilliant and eye-opening—weaving together economic, geopolitical, and strategic analysis. Edward Fishman’s riveting account of the global economic ‘battlefield’ sheds fascinating new light on our struggles with Iran, Russia, and China. An indispensable book for anyone who wants to understand current and future conflicts.”—General Stanley McChrystal, U.S. Army (Ret.), former Commander of U.S. and International Forces in Afghanistan and author of Team of Teams and My Share of the Task