US VP JD Vance Admits West Wants Global South Trapped at Bottom of Value Chain

US VP JD Vance Admits West Wants Global South Trapped at Bottom of Value Chain

At a summit held by a Silicon Valley venture capital firm, US Vice President JD Vance gave a speech about globalization that made it clear that the West wants to keep poor, formerly colonized countries in the Global South trapped at the bottom of the global value chain, through monopolistic control of advanced technologies.

The Trump administration has declared itself against globalization from the beginning, which it considers to be against US interests. Tariffs and the repatriation of industries are part of the Trump doctrine. Vice President J.D. Vance says that this does not mean isolationism, but that globalization is ultimately a brake on economic development. “There are two arguments that he has […] The article J.D. Vance explains Donald Trump's economic visi…

US VP JD Vance admits West wants Global South trapped at bottom of value chain

US Vice President JD Vance gave a speech about globalization that made it clear that Washington’s goal is to keep formerly colonized countries in the Global South trapped at the bottom of the global value chain. Vance acknowledged that the US-led West wants to maintain a strict international division of labor, in which poor countries in the periphery produce low value-added goods (with lots of competition and therefore low profits), whereas the …