Peter Thiel, Techno-Utopian
Peter Thiel, the founding investor in Paypal, was portrayed in The Social Network as a conniving, Gordon Gekko admirer, and his real-life activities and beliefs are being reexamined, as in a piece in Newsweek:
Jacob Weisberg, What’s Wrong With Silicon Valley Libertarianism?
Thiel’s belief system is a mixture of unapologetic selfishness and economic Darwinism. In a personal statement produced last year for the Cato Institute, he announced: “I no longer believe that freedom and democracy are compatible.” The public, he says, doesn’t support unregulated, winner-take-all capitalism, and so he won’t support the public any longer. “Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women—two constituencies that are notoriously tough for libertarians—have rendered the notion of ‘capitalist democracy’ into an oxymoron,” he writes. If you want to go around saying that giving women the vote wrecked the country and still be taken seriously, I suppose it helps to hand out $100 bills.
What differentiates Silicon Valley’s style of libertarianism from Glenn Beck’s raving-weeping variety is its laissez-faire attitude toward personal behavior and the lack of demagogic instinct. Thiel, who is openly gay, wants to flee the mob, not rally it through gold-hoarding or flag-waving. Having given up hope for the United States, he writes that he has decided to focus “my efforts on new technologies that may create a new space for freedom.” Both Theil’s entrepreneurship and his philanthropy are animated by techno-utopianism. With PayPal, he sought to create a global currency beyond the reach of taxation or central-bank policy. He sees Facebook as a way to form voluntary supra-national communities.
I commented on Thiel’s bizarro world political beliefs when his Cato paper came out:
This guy, who heads Clarium Capital, and is a managing director of the Founders Fund, is off-the-rails, barking-at-the-moon crazed. What sort of person in 2009 suggests that the emancipation of women, and I presume ‘welfare beneficiaries’, has been a negative addition to politics.
I bet he would only be happy if we re-instituted monarchy and asked him if he would serve.
I don’t think we should hold up Peter Thiel as the poster child for Silicon Valley, but I must state that I found the libertarianism that animates a great deal of the tech scene in the Bay Area very wearing.
Yes, I admit to be a howling progressive. I can’t help but think about the line from A Fish Called Wanda when Wanda (Jamie Lee Curtis) shouts at Otto (Kevin Kline), making the case that he’s dumb because of all of his inaccuracies about science, politics, and philosophy:
“The central tenet of Buddhism is not ‘every man for himself!”
Dear Mr Thiel, and all your cultish friends: The purpose of life is not to amass wealth without concern for other people. Any just political or ethical system has to be based on maximizing the benefits for the most disadvantaged (John Rawls’ maximin), therefore creating a society or political sphere based on principles of social equality.
But there is a strong current of elitism and privilege in Thiel’s thinking about the world and his place in it, that ‘every man for himself’ should be the central tenet of some new order he would gladly see instituted here, or on some space colony populated by death-cheating billionaires, waiting for the singularity.
His newest tack is to offer money to college kids to get them to drop out of school (which he calls ‘stopping out of school’):
The Thiel Fellowship will give entrepreneurs under age 20 a cash award of $100,000 to drop out of school and pursue their business ideas. In announcing the program, Thiel made clear his contempt for U.S. universities, which, like governments, he believes, cost more than they’re worth and get in the way of what really matters in life, namely tech startups.
Well, if you don’t believe in a civil society where all get to vote and think that Hobbesian markets should determine everything, maybe it is a logical next step to conclude that all education intended to broaden the mind or to learn from the mistakes of the past is a waste of time.
- Peter Thiel: Libertarianism Taken To Its Logical Extreme (themoderatevoice.com)
