It’s not about the sweets and cigarettes it’s just about the wealth acquisition. Same then as it is now. Companies are still using slave and otherwise coerced labor to extract all kinds of wealth from foreign countries.
If any countries try to take control over their own economy by closing it to Western “investment” they get wrecked by the world bank and invaded or sanctioned by the US and/or its allies.
Global capitalism is neo-colonialism.
The political binary has rotted your brain. There’s a whole spectrum outside of red and blue if you care to look