David Sacks, the South African-American tech investor widely recognized for his role in building companies like PayPal (NASDAQ PYPL), appeared on a recent episode of the All-In Podcast, where he delivered a biting critique of America’s decades-long support for free trade.
What Happened: Sacks argued that the bipartisan consensus on globalization neglected to take its long-term consequences into account, and praised President Donald Trump for posing a challenge to that orthodoxy.
In his view, both Republicans and Democrats in Washington approached “unfettered free trade” as an unquestioned good. He mentioned massive trade deficits, the rise of China’s economic power, and the offshoring of millions …