Why Globalism Failed: Sacks Explains the Three Pillars

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Episode Description

Full episode: https://youtu.be/KcmMOZKnKAk

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Brief Summary

The episode critiques globalism's pillars and Trump's role in its backlash.

Key points

  • The End of History. Fukuyama's thesis posits that democratic capitalism is the ultimate system.
  • Three Pillars of Globalism. The globalist consensus included open borders, free trade, and Pax Americana.
  • A Shift in Consensus. Donald Trump represents a significant shift against the bipartisan globalist consensus.

Transcript

you had Fukyama write the end of history which basically said that democratic capitalism is the end- all beall and we're bound to one system and the whole world's going to run on that system that philosophy then animated a neoliberal and neoonservative consensus in Washington for 25 years and there were three key pillars of that let's call it globalist consensus number one we'd have open borders free flow of labor in fact the Wall Street Journal editorial which you know is considered to be conservative actually supported a constitutional amendment saying that we'd have open borders number two we'd

have open flows of trade and capital so basically the unfettered uh free trade agenda and then number three the third leg of it was Pax Americana we had deploy American troops all over the world to defend this consensus because they'd be greeted as liberators not occupiers i think all three pillars have been refuted and the person who has represented the shift in this consensus is Donald Trump when you have a bipartisan consensus that I'd say included both Bush Republicans and Clinton Democrats around these three pillars of globalism and then the country turns against that that's not going to be a smooth process it's going to be a disruptive process

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