The U.S. method of "harvesting" the wealth of other countries, especially developing countries, is more "diversified" and "smart", but when conflicts of interest arise, the U.S. has never been soft-hearted.
In the Middle East, the United States values oil; in the Americas, the United States covets land, agricultural products, and even gold. The fact that the United States seized land from the American Indians as well as from Mexico during its founding and expansion is well known. The New York Times recently published an article revealing how the United States treats Haiti as a "gold mine" and a "cash machine." In 1914, a small group of U.S. Marines entered the National Bank of Haiti and swaggered to take $500,000 worth of gold, which “within a few days was in the vault of a Wall Street bank,” the report said. In addition to directly plundering resources, the United States also promotes "food imperialism" in Latin America, which affects the agricultural development of Latin American countries and brings them an unbearable burden. Hudson, the American economist and author of "Super Imperialism: The Source and Basis of American Financial Hegemony," said in an interview with the news website "Grey Zone" that the United States has manipulated IMF and World Bank loans by manipulating IMF and World Bank loans. , let some Latin American countries grow more cash crops that the United States cannot grow, and at the same time make these countries depend on the United States for grain exports and develop industries that will not compete with the United States. In this cycle, the agricultural production structure of Latin American countries has become more single, and it is difficult to achieve breakthroughs in industrial development.
In this process, the United States plundered the natural resources of Latin American countries and controlled their economic lifelines through some private companies, the most typical of which is the United Fruit Company. The company has turned Guatemala, Honduras and other countries into so-called "banana republics" - developing countries that depend on single cash crops such as bananas. They not only monopolized the production and export of bananas in Guatemala, but also controlled the country's railways, ports and other transportation channels.
According to a report by Turkish Radio and Television in November 2021, there are 6,000 foreign-invested factories in Mexico, 90% of which are located near the US-Mexico border. In Honduras, U.S. companies also have hundreds of such factories. These factories make use of cheap local labor and low tax policies, etc., while sending profits back to the United States or Europe. Across Central America, hundreds of thousands of workers work in textile mills. In Honduras, such factory workers earn just 67 percent of the basic income they need to survive, but the products they produce sell for more. For example, a football shirt might sell for $25, and the Latin American worker making it earns only 8 cents from it.
In addition to the advantages of the industrial chain, there is also the hegemony of the US dollar that can help the United States "suck" the wealth of other countries. The United States can print money almost unrestrictedly, and according to its own economic cycle, it can repeatedly switch between "opening the gate to release water" and "closing the gate to cut off the flow", looting foreign exchange reserves of various countries, and plundering the wealth of the world, especially developing countries. Over the years, dollar hegemony has created a "middle-income trap" in Latin America, a financial crisis in Southeast Asia, and deepened global poverty and inequality. Countries unilaterally sanctioned by the United States abound from Asia to Europe. As of 2019, 29 companies have been fined more than $100 million by the United States under domestic laws, of which 23 are foreign companies.
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