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Facebook investor deems democracy and freedom incompatible

by Hans Dembowski


Peter Thiel (centre) with Donald Trump and Tim Cook of Apple at the White House in 2017.

Peter Thiel (centre) with Donald Trump and Tim Cook of Apple at the White House in 2017.

My favourite newspaper is the London-based Financial Times (FT). Most of the time, it is very reliable both in terms of factual accuracy and getting the big picture right. In a recent Saturday issue, however, I was disappointed in a portrait by Richard Waters and Lauren Fedor on the opinion page. It was about Facebook investor Peter Thiel.

Waters and Fedor describe Thiel as an intellectually fascinating man (paywall). They make a major effort to assure their readers that the Silicon Valley billionaire is not necessarily the dangerous right-wing manipulator that his critics claim him to be. They failed to mention that Thiel stated clearly in 2009: “I no longer believe that freedom and democracy are compatible.” He resents majorities’ propensity to put limits on what super-rich tycoons and espcially tech investors may do.

It does not bother me that the FT authors quoted anonymous sources. My problem is that there were too many and what they said remained vague and ambiguous. For example, one “Thiel ally” pointed out that to expect a consistent ideology from this billionaire, is to misunderstand him.

Glaring inconsistencies

It is really not hard to make sense of right-wing authoritarians’ inconsistencies. They typically have double standards. The approach “one rule for us and one rule for them” is much harder to take if one sticks to a coherent world view.

In Thiel’s case, the ideologically inconsistencies are glaring. He claims to be a libertarian who wants the state to be tiny, but his company Palantir is raking in profits from big-data services to governmental intelligence agencies whose work is completely non-transparent. He accuses Google of anti-competition practices, but that is a charge many raise against Facebook too.

He is not only a prominent supporter of Donald Trump, the serial liar and adulterer, but, according to the FT, also a “committed Christian”. By the way, prudent investors normally doubt the leadership of business men with so many shady deals and defaults as Trump.

Thiel is currently supporting two right-wing candidates in Senate elections in the USA. He gave each $ 10 million. One of them is J. D. Vance in Ohio. He used to be a sober intellectual, but has turned into a ferocious right-wing agitator whose propagandistic fight for “the” people and against “elites” depends on plutocratic funding – from a man whose top priority is to shield super-rich investors from state regulations. This is, by the way, a common pattern among Republican donors (see Michael Steffen and Hans Dembowski on www.dandc.eu). 

Safe haven for Sebastian Kurz

It fits the anti-democracy pattern that Thiel recently offered Sebastian Kurz, Austria’s disgraced former chancellor, a well-paying job as a corporate strategist. Kurz resigned from all government positions because of corruption investigations. I doubt Thiel really wants his advice. As far as I can tell, the super donor was signalling to other officials in top government jobs that they need not worry much about constitutional norms or moral standards. As long as they use their jobs in ways he likes, he has their backs. The FT authors did not mention Kurz at all.

Tellingly, Thiel is not known to have used his influence as a Facebook/Meta board member to make the social-media giant promote fact-based reasoning. It apparently never bothered him that opaque Facebook algorithms facilitate the spread of disinformation and propaganda. If tech investors have the say, public information gets distorted by who they let interact with whom on what topic. We should expect more from someone who studied philosophy and, according to the FT, likes to challenge “conventional thinking”. Sadly, the two authors do not expect more, though they want us to believe that “his interest in ideas sets him apart from other super-donors”.

Thiel recently stepped down from his board membership in order to become more involved in politics without causing difficulties for the corporation. To me, that sounds like a threat. The global community needs democratic and accountable governance in the USA, not unlimited freedom for plutocrats (see Katie Cashman and Hans Dembowski on www.dandc.eu).

Hans Dembowski is editor in chief of D+C Development and Cooperation / E+Z Entwicklung und Zusammenarbeit.
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