“I would bet on globalization slowly being in abeyance,” tech entrepreneur Peter Thiel said in a video interview with George Mason University economist Tyler Cowen. “I think with the benefit of hindsight, we will realize that 2007 was not just the peak year of the finance boom, but also the peak year of globalization, like maybe 1913.”

It’s a tantalizing thought and Thiel is well worth a listen. He is the co-founder of PayPal and the first outside investor in Facebook, selling his initial $500,000 investment eight years later for $1 billion. His record for spotting future trends and flexion points is impressive.