The money is easy to trace. Scroll back through tech entrepreneur Peter Thiel’s political donations and you’ll soon hit US$15 million worth of transfers sent to Protect Ohio Values, JD Vance’s campaign fund. The donations, made in 2022, are a staggering contribution to an individual senate race, and helped put Vance (Thiel’s former employee at tech fund Mithril Capital) on a winning trajectory.
But if money matters, so do ideas. Scroll back through Vance’s speeches, and you’ll hear echoes of Thiel’s voice. The decline of US elites (and by extension, the nation) is supposedly a result of technological stagnation: declining innovation, trivial distractions, broken infrastructure. To make the nation great again, Thiel believes, tech should come first, corporates should be unshackled, and the state should resemble the startup. For Vance, who has now risen to the office of US vice-president, a Thiel talk on these topics at Yale Law was “the most significant moment” of his time there.
Thiel’s influence on politics is at once financial, technical and ideological. In the New York Times, he was recently described as the “most influential right-wing intellectual of the last 20 years”. And his potent cocktail of networks, money, strategy and support exerts a rightward force on the political landscape. It establishes a powerful pattern for up-and-coming figures to follow.
To “hedge fund investor” and “tech entrepreneur”, Thiel has recently added a new label: Republican kingmaker.
Well you’re going to need CEOs to manage your individual earthly monarchs for you until you can upload your consciousness and head to outer space 🚀
What is wrong with stagnation? What is wrong with letting people catch up with technology? What is wrong with just living your life? Are these people so unhappy with themselves and their lives that they can’t be happy unless they’re making record profits and tinkering with everyone else’s lives? There is something deeply deeply wrong with these people. Their sense of self importance is just wildly insane. They will be dust like everyone else.
Capitalism selects for sociopathy.