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Some years ago Peter Thiel observed (correctly, I think) that capitalism and democracy are fundamentally at odds. Where democracy seeks to give everybody a voic
by gizmo 10y ago
Some years ago Peter Thiel observed (correctly, I think) that capitalism and democracy are fundamentally at odds. Where democracy seeks to give everybody a voice in how society is structured, in capitalism you can only vote with your dollars. Instead of one one-person-one-vote some people get a billion votes and other people get none.
When faced with this contradiction Peter Thiel decided that capitalism should be preserved (and strengthened) and that democracy should be discarded. He doesn't feel bad about this because in his view most people contribute nothing of value to society anyway; society's real advances are the product of exceptional work by Nietzschean men.
So his support for an antidemocratic and authoritarian figure such as Trump is entirely consistent with his worldview. What is surprising is that other figures in Silicon Valley don't recognize this. Max Levchin (his old pal from Paypal) thought Thiel's support for Trump was a prank of some sort! Silicon valley insiders are either completely blind to these reactionary forces bubbling up around them or they strategically choose to stay silent. I'm not sure which is worse.