You can count billionaire investor Peter Thiel among those who believe globalization is on the decline in the age of Donald Trump and Brexit.
Thiel, the co-founder of PayPal and a Trump supporter, said Trump’s victory demonstrated how dissatisfied people have become with a global system that hasn’t worked well for them.
“I think the tide on globalization is just going out,” Thiel said in a Tuesday appearance at the CERAWeek by IHS Markit conference in Houston.
Ted Malloch, chairman and CEO of the Roosevelt Group and the man believed to be President Trump’s choice for U.S. ambassador to the European Union, said he agrees with Thiel’s take.
“He is correct to suggest that the tide is ebbing on globalization as nations move to do more within their own borders,” Malloch, author of “Hired: An Insider’s Look at the Trump Victory,” told WND. “Security becomes a focus. Immigration and free movement of people comes into question. The statistics prove the case and people like New York Times loudmouth and flat-worlder Tom Freidman are just plain wrong and yesterday.”
However, Malloch, who spent decades working in the global economy, wished to make a caveat.
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