The article explores the cognitive bias of overestimating our understanding of complex topics through personal anecdotes and the author's experience explaining sanctions. It highlights Edward Fishman's book, "Chokepoints: American Power in the Age of Economic Warfare," which delves into how the U.S. uses economic measures as strategic tools in international relations. Fishman, a noted authority in economic statecraft, provides valuable insights into the evolution of economic sanctions, emphasizing their effectiveness in achieving diplomatic goals without resorting to military force.
Economic sanctions are essentially economic penalties aimed at compelling change within a nation by influencing its financial capabilities and political decisions.
Fishman illustrates how the U.S. has effectively turned the global economy into a strategic tool, emphasizing the pivotal role of economic measures over military actions.
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