Peter Thiel, Would-Be Philosopher King, Takes on Democracy

Billionaire Peter Thiel insists that freedom and democracy are incompatible, and his portfolio of data mining and political bets puts that belief into practice. His is a program of authoritarian control disguised as innovation.

Trump Supporter And Entrepreneur Peter Thiel Discusses Presidential Elections

Billionaire libertarian Peter Thiel has built a philosophy and a portfolio that treats popular accountability as a weakness to be overcome. (Alex Wong / Getty Images)


The first time I encountered Peter Thiel’s name was in China, about a decade ago. He was scheduled to give a talk about his 2014 book, Zero to One, at tech-focused Tsinghua University (known as China’s MIT) where giant banners emblazoned with his face were hard to miss.

I dismissed the fascination with Thiel as another example of the “David Hasselhoff phenomenon”: second-tier American celebrities achieving disproportionate fame abroad. At that time in China, even tenuous connections to some US center of power — Silicon Valley, Wall Street, Hollywood — could be leveraged to elevate one’s profile, tapping into the country’s thirst for American-style modernity.

Unlike the Baywatch star, however, Thiel would soon become far more than a cult curiosity abroad. As the ideological architect behind the venture capital powerhouse The Founders Fund, cofounder of PayPal and Palantir, early backer of Facebook, and political patron of Donald Trump and J.D. Vance, Thiel has become the philosopher-king of a growing techno-authoritarian movement. 

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