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