US calls free-market capitalism ‘surest path to prosperity’ and seeks to forgo direct aid to developing countries
The Trump administration has moved to formally enlist foreign governments in a sweeping reorientation of global development policy, directing American diplomats worldwide to seek official support for a “trade over aid” declaration before its introduction at the United Nations later this month. This would mean a move away from direct aid to poor nations in favor of increased trade, led by private companies.
Principal deputy spokesperson at the state department Tommy Pigott confirmed the initiative on Wednesday, framing it as a rejection of what he called a failed aid model. “The idea that trade and free market capitalism is the surest path to prosperity has been proven by the facts and by history,” Pigott said, adding that those calling for “aid not trade” were “really arguing for lining the pockets of a corrupt NGO industrial complex”.
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