April 2018

Peter Thiel at Isengaard looking into the Palantir

Peter Thiel and Palmer Luckey are a particularly toxic breed of billionaire welfare queen, who outwardly revile government with every chance they get while having both sucked at its teat to make their fortunes, and currently making a luxe living on taxpayer largesse.

Thiel’s Paypal and Facebook-induced riches rode the coattails of the DARPA-created internet, while Luckey had his exit to internet giant Facebook. Now Thiel helms creepy-AF data mining company Palantir, whose tentacles are wrapped all the way around the intelligence community’s various agencies, while Luckey’s Thiel-funded startup Anduril is bidding for lucrative defense contracts to build Trump’s border wall. It’s the stuff of full-on right-wing neocon wet dreams for both men.

They follow in a long line of right-wing denialism in which Austrian School econ acolytes (and trickle down aficionados) have claimed to be self-made men while reaping untold rewards from lucrative military contracts and other sources of government funding or R&D windfall. Barry Goldwater once famously invoked the mythology of the independent cowboy to describe his successful rise (as would union man Ronald Reagan years later) — when in reality he inherited the family department store business that itself became viable only due to the public money pouring in to nearby military installations springing up in Arizona since as far back as the Civil War.

Even without the American government as their businesses’ largest client, the Libertarian ideal of disproportionately enjoying the fruits of public goods while viciously fighting against the taxation required to pay for them puts the lie to these mens’ claims of Ayn Randian moral supremacy. The ritual flogging of so-called “Great Man Theory” animates all sorts of dangerous social projects such as the world’s richest man purchasing the de facto town square and turning it into a right-wing plaything.

If we’re lucky, Luckey will create some sort of VR seasteading community that sucks the Silicon Valley Supremacists right in and traps them in a sort of Libertarian Matrix forever.

More on Peter Thiel and his right-wing political network:

  • Buddies with right-wing Silicon Valley venture capitalist David Sacks — now Trump’s “AI and Crypto Czar” as of December 2024
  • Member of the PayPal Mafia
  • Funded successful Ohio Senator (and now VP) JD Vance‘s campaign
  • Funded loser Blake Masters’ Senatorial campaign in Arizona in 2022
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oligarchs in the 19th century

Some people like to argue that more economic inequality is a good thing, because it is a “natural” byproduct of capitalism in a world of “makers and takers,” “winners and losers,” “wolves and sheep,” [insert your favorite Manichaean metaphor here]. However, too much inequality is deleterious for both economics and politics — for with oligarchy comes the creep of fascism.

Those who amass exorbitant wealth often increasingly use a portion of their gains to capture politics. While the mythological premise of trickle-down economics is that we must not have progressive taxation, because giving more money to the already wealthy is the only way to spur economic investment and innovation and create jobs — in actual fact the majority of tax cut windfalls go to stock buybacks, offshore tax havens, regulatory capture, political lobbying, and campaign donations in the form of dark money (and regular money). All this is a runaway amplifying feedback loop that tilts the playing field further away from equal opportunity, social mobility, and democratic process — the original American Dream.

In the oligarchy, your vote doesn’t matter

Wealthy elites seek to preserve the power structures that have benefitted them, and keep them (and their descendants) in the ruling class. It is a slow recreation of the aristocratic societies of old Europe that we fought a bloody war of independence to separate ourselves from. Yet the erosion of civil values, public engagement, and collective will — largely as fomented by the conservative elite over the past 50 years in America — and the ascendancy of the myth of “rugged individualism” have conspired to create a perilous condition in which corruption operates so openly in today’s White House [2018] and Wall Street that democracy itself is in great danger. The creep of fascism is felt in the fell winds that blow.

Moreover, we have learned these lessons once, not quite a century ago, yet have forgotten them:

“Where there is a crisis, the ruling classes take refuge in fascism as a safeguard against the revolution of the proletariat… The bourgeoisie rules through demagoguery, which in practice means that prominent positions are filled by irresponsible people who commit follies in moments of decision.”

— Czeslaw Milosz, The Captive Mind
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