US Vice President JD Vance gave a speech about globalization that inadvertently revealed the truth about the US empire, the goal behind the new cold war on China, the economics of imperialism, and how the Trump administration is serving billionaire Big Tech oligarchs in Silicon Valley at the expense of the working class. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=ywmpea6vvOE
US Big Tech CEOs admit they want AI monopoly: https://geopoliticaleconomy.com/2025/02/03/us-ai-monopoly-unipolar-world-china/
Topics
0:00 (CLIP) JD Vance excerpt
0:38 US vice president speech
1:03 Preparing for war on China
3:15 Summary of Vance's speech
3:56 (CLIP) Marco Rubio on China "threat"
4:39 Deindustrialization
5:02 (CLIP) JD Vance vows "industrial comeback"
5:41 Uniting billionaires and "populists"
6:26 Neoliberalism
7:01 JD Vance's patron Peter Thiel
8:22 Trump recruits Big Tech billionaires
9:34 For monopoly, against competition
10:21 (CLIP) Peter Thiel loves monopolies
10:35 Elon Musk and Trump
11:05 Billionaire Marc Andreessen
11:47 (CLIP) Trump admin loves Silicon Valley
12:08 Trump coalition: billionaires & workers?
13:37 (CLIP) Techno-optimists vs populists?
14:21 Big Tech manifesto
15:56 Scapegoating China
17:13 (CLIP) JD Vance scapegoats China
17:34 JD Vance calls China "biggest threat"
18:53 (CLIP) JD Vance scapegoats China
19:12 Neoliberal globalization
20:07 (CLIP) JD Vance on globalization
21:18 Neoliberal globalization
22:07 Imperialism & dependency theory
24:11 China's development
24:35 US bans Chinese competitors
26:15 (CLIP) JD Vance on China's AI
26:40 US Big Tech monopolies
27:23 (CLIP) "Competition is for losers"
27:38 Trump's tariffs
28:36 Jake Sullivan's industrial policy speech
29:16 (CLIP) Jake Sullivan on Washington Consensus
31:36 Industrial policy
32:45 Tech war on China
33:31 Trump's strategy
34:01 (CLIP) JD Vance on US shipbuilding
34:53 China's Shipbuilding
35:46 State-owned enterprises
38:07 US government-owned factories
40:32 Industrial policy
43:41 (CLIP) Tax cuts on rich & deregulation
44:07 Reaganism 2.0
44:28 Historical tax rates on rich
45:48 Oligarchs avoid taxes
46:52 Trump boosts deficit & debt
47:38 Fake industrial policy
49:09 (CLIP) JD Vance is "fan" of Big Tech
49:28 Andreessen Horowitz investments
50:30 S&P 500 stock buybacks & dividends
51:03 Reaganomics
51:59 Trumponomics
53:21 Tariffs & wealth transfer
53:55 Outro
