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Passion Struck with John R. Miles

Edward Fishman on Economic Warfare: The New Age of Power Dynamics

Passion Struck with John R. Miles

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10 min
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4:00
0:00 30:00 1:00:00
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Key Takeaways

  • Factors contributing to the rise of economic warfare include:
    • The hyper-globalization of the 1990s leading to economic interdependence.
    • Political shifts post-9/11 that made military action less appealing.
    • The resurgence of great power competition, particularly with Russia and China.
  • The implications of sanctions and economic tools, emphasizing their dual nature as both offensive and defensive strategies.
  • The ethical dilemmas associated with economic warfare, particularly the humanitarian impact on civilian populations.
  • The potential for a fractured global economy, with nations becoming isolated economic deserts due to competing economic blocks.
  • The importance of maintaining economic security and the risks of over-reliance on economic sanctions are emphasized.
  • The dangers of a chaotic global economy where only great powers set the terms, potentially leading to military conflicts.

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