3min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E112: Is Davos a grift? Plus: globalist mishaps, debt ceilings, TikTok's endgame & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Do You Believe in the Benefits of Global Trade?

Do you believe in the benefits of global trade where countries trade with one another and shift the sourcing of supply and labor to the cheaper source so that the buyer can benefit from having things at a lower price? If we didn't have trade, then we would all be subsistence farmers and hunters and gatherers. The issue is that trade not only creates prosperity, it creates dependencies because you're dependent on the people you're trading with. It has distributional effects in terms of geopolitical consequences. So this neoliberal world order has kind of created the seeds of its own destruction.

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