Peter Thiel's political views can be summed up in one sentence:
Most importantly, I no longer believe that freedom and democracy are compatible.
In his statement of personal belief published by the Cato Institute, The Education of a Libertarian
, Thiel pinpoints American capitalism's last hurrah - before everything went to the dogs:
To return to finance, the last economic depression in the United States that did not result in massive government intervention was the collapse of 1920–21. It was sharp but short, and entailed the sort of Schumpeterian “creative destruction” that could lead to a real boom. The decade that followed — the roaring 1920s — was so strong that historians have forgotten the depression that started it. The 1920s were the last decade in American history during which one could be genuinely optimistic about politics.
What put us on a downward spiral? Women's suffrage:
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.
Just think where we'd be if women did not have the right to vote; maybe Ron Paul would have a real chance to make America a libertarian paradise.
And maybe Thiel's libertarian utopia could become a reality as democracy is buried once and for all.
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