Mar 17, 2026 · 21 min · 18 segments
A few paragraphs from Washington once stopped oil tankers in their tracks halfway around the world - no navy, no missiles. Eddie Fishman, who helped design and implement U.S. sanctions and economic…
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And what are the three takeaways you'd like to leave the audience with today?
Sanctions, tariffs, export controls, they're now the primary way that countries compete with each other, and this is going to be the case for almost certainly the coming decades.
[chime] The second takeaway would be that this geopolitical phenomenon of the age of economic warfare is actually now gotten to the point that it's reshaping the global economy itself.
We are seeing this phenomenon of geoeconomic fragmentation in which the financial system, energy markets, and supply chains are fracturing along geopolitical lines.
This is not a choice, it's a reality, and I think it's incumbent upon business leaders and the government to accept that and to think of ways to channel it in a profitable direction.
[chime] The third takeaway would be that given how important this phenomenon is of economic warfare and geoeconomic fragmentation for our businesses, for our governments, for our national security, really for our everyday lives, it's incumbent upon us to educate ourselves about it.
It's important for our democratic discourse for people to feel like they have the requisite knowledge to pipe up and actually weigh in in the democratic process about how the United States is using its economic power around the world.
And what are the three takeaways you'd like to leave the audience with today?
Sanctions, tariffs, export controls, they're now the primary way that countries compete with each other, and this is going to be the case for almost certainly the coming decades.
[chime] The second takeaway would be that this geopolitical phenomenon of the age of economic warfare is actually now gotten to the point that it's reshaping the global economy itself.
We are seeing this phenomenon of geoeconomic fragmentation in which the financial system, energy markets, and supply chains are fracturing along geopolitical lines.
This is not a choice, it's a reality, and I think it's incumbent upon business leaders and the government to accept that and to think of ways to channel it in a profitable direction.
[chime] The third takeaway would be that given how important this phenomenon is of economic warfare and geoeconomic fragmentation for our businesses, for our governments, for our national security, really for our everyday lives, it's incumbent upon us to educate ourselves about it.
It's important for our democratic discourse for people to feel like they have the requisite knowledge to pipe up and actually weigh in in the democratic process about how the United States is using its economic power around the world.
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Treasury Memo Jams Bosphorus
How a short memo stalled supertankers
From Blockades To Bank Threats
Warships replaced by warning letters
America’s Carrot Deficit
Our biggest blind spot: offering benefits
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