This is why Trump's tariffs will NOT bring manufacturing back to the US
Donald Trump claims his tariffs will bring back good manufacturing jobs and help to reindustrialize the United States, but all the evidence suggests this will fail, because he has no coherent industrial policy, is gutting the state's capacities, and refuses to challenge Wall Street. Ben Norton explains how the US economy was financialized, and what it would take to truly revive industry.
VIDEO: https://www.youtube.com/watch?v=GxWBnA_bQN0
Topics
0:00 (CLIPS) Intro
1:07 Trump's tariffs
2:09 Wells Fargo study
3:23 Industrial policy
3:51 China's industrial policy and planning
6:49 Biden's half-baked attempt
8:00 Survey: US manufacturing is not coming back
11:08 Tariff revenue was paid as subsidies
11:43 US government debt and deficit
12:28 Contradictions in tariff policy
13:25 Data on deindustrialization of US economy
15:45 The American System
18:44 Abraham Lincoln
19:13 Henry Clay
19:26 (CLIP) Trump on Henry Clay
19:59 (CLIP) Trump invokes the American System
20:22 Trumpism = Reaganism + protectionism
20:47 Financialization of US economy
21:20 Trump's tax cuts on the rich
21:55 Corporate incentives
22:43 GE and Boeing
23:28 Wall Street
24:24 US Commerce Secretary Howard Lutnick
25:41 (CLIP) Howard Lutnick on factory jobs
26:46 Manufacturing jobs
27:33 Views on manufacturing in USA
28:22 Lack of skilled labor in USA
29:01 Apple
29:42 (CLIP) Apple CEO Tim Cook on China
32:09 Wages in China
33:50 Vietnam and market socialism
35:37 Elon Musk and Tesla
36:57 US oligarchs
37:39 Policy proposal for reindustrialization
39:52 Challenging capital
40:38 Neoliberal globalization
42:31 Trump's tax policy helps rich, hurts poor
44:52 Outro
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45:05
Why Trump is angry at Russia: Reality strikes in Ukraine war
Donald Trump lashed out at Russian President Vladimir Putin, warning that he is "playing with fire", because the US has been unable to end the Ukraine war on its own terms. Political economist Radhika Desai analyzes the geopolitical situation with Russia expert Richard Sakwa.
VIDEO: https://www.youtube.com/watch?v=jL1ObLixT8M
This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP
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1:01:42
US VP JD Vance announces new strategy of blatant imperialism, aimed at China
US Vice President JD Vance revealed the Trump administration's "generational shift in [foreign] policy", emphasizing "great power competition" and preparation for war with China. They're abandoning soft power and focusing on "hard power" and "overwhelming force", in a return to blatant, 19th century-style imperialism. Ben Norton reports.
VIDEO: https://www.youtube.com/watch?v=d2Yqc-8uVHc
The US military is seriously preparing for war on China: https://geopoliticaleconomy.com/2025/04/28/us-military-war-china-silicon-valley/
Topic
0:00 (CLIP) JD Vance speech highlights
0:23 US VP declares "new era" of foreign policy
1:59 (CLIP) End of US unipolar dominance
2:24 Preparing for war
2:51 (CLIP) A "new and very dangerous era"
3:01 Emphasizing hard power
3:17 (CLIP) Hard power vs soft power
3:22 Containing China
3:31 (CLIP) Targeting China
3:43 Shifting priorities
4:17 (CLIP) Great power competition
4:37 Redirection of foreign policy
4:48 (CLIP) A "generational shift in policy"
4:59 Rise of China
5:46 (CLIP) Era of US hegemony
6:37 USA wants China regime change
7:07 This is not isolationism
7:35 (CLIP) "When we send you to war"
7:58 Taking the mask off US empire
8:49 (CLIP) "We throw a punch hard"
9:07 Trump boosts US military spending
9:28 (CLIP) Trump: $1 trillion military budget
9:49 US foreign military bases
10:19 19th century-style imperialism
10:39 William McKinley, imperialist
11:30 (CLIP) Trump vows "enlarged country"
11:54 Expanding US territory
12:18 (CLIP) Trump: expand US empire
12:56 Monroe Doctrine
13:51 Training "war fighters"
14:07 (CLIP) JD Vance on "war fighters"
14:10 Pete Hegseth
14:25 (CLIP) Hegseth on "war fighters"
14:39 A "peacemaker" for war
14:58 US war on Yemen
15:18 (CLIP) Vance boasts of bombing Yemen
15:33 Future war threats
15:51 (CLIP) US "red lines" for war
16:12 US "ideological crusades"
16:33 (CLIP) Vance on "ideological crusades"
16:46 Pete Hegseth, self-declared "crusader"
17:34 US empire rebrands
18:37 The main target is China
19:34 (CLIP) Marco Rubio on China "threat"
20:17 Preparing for war on China
20:36 Outro
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20:49
Trump protects Israel as it vows to 'take over' Gaza and expel Palestinians
Israel's Prime Minister Benjamin Netanyahu pledged to colonize Gaza, saying, "We will take control of all the territory of the Strip". US President Donald Trump is trying to expel Palestinians to Libya or other countries. Trump imposed sanctions on the International Criminal Court (ICC), and, like Joe Biden, he is selling Israel billions of dollars of weapons. Ben Norton reports.
VIDEO: https://www.youtube.com/watch?v=QzG98YklawA
Why the US supports Israel, explained: https://geopoliticaleconomy.com/2023/11/12/why-us-support-israel-geopolitics-michael-hudson/
Topics
0:00 USA backs Israel's crimes
0:56 Netanyahu: Israel will control all of Gaza
1:34 Trump gave Israel green light
2:17 Trump wants to expel Palestinians to Libya
3:47 Israel's goal: total colonization
4:38 Mass hunger in Gaza
5:41 Israeli minister: "We're destroying Gaza"
6:50 Netanyahu's "aid" PR
8:10 Israel's strategy: Use hunger as a weapon
10:27 Bezalel Smotrich
11:19 "Voluntary" migration
11:59 "Total annihilation" of Gaza
12:52 Starvation
13:39 Israel vows to annex West Bank
15:02 Trump sanctions ICC
15:56 Biden admin threatened ICC
16:22 USA attacks ICC
17:51 Microsoft aids Israel
18:23 Impact of sanctions
18:52 Is Trump really "frustrated"?
19:52 (CLIP) Trump is Israel's "best friend"
20:07 Trump wants to colonize Gaza
20:44 (CLIP) Trump: US will take over Gaza
20:59 Trump gives Israel weapons
22:49 Netanyahu thanks "greatest friend" Trump
23:05 (CLIP) Netanyahu praises Trump
23:12 Biden's support for Israel
23:46 Obama's support for Israel
24:26 Israel can't wage war without USA
25:02 Israel is US unsinkable aircraft carrier
25:36 Netanyahu is American
26:15 Israel is an outpost of US empire
26:39 (CLIP) Biden: US would create Israel
27:05 Geopolitics of Israel
27:22 Outro
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27:35
What caused US deindustrialization, and can Trump fix it? Economists explain
What caused the deindustrialization of the US economy? Can Donald Trump really reindustrialize the USA with tariffs? Economists Radhika Desai and Michael Hudson discuss.
VIDEO with charts: https://www.youtube.com/watch?v=vpNql8U6WvE
This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP
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