Peter Thiel, co-founder of PayPal, has become a significant figure among plutocratic reactionaries, advocating for a radical political shake-up to combat societal stagnation since the 1970s. In a recent interview, he expressed frustration over the lack of progress in areas like economic growth and scientific innovation. Thiel once hoped Donald Trump's presidency would stimulate necessary discussions about this stagnation, despite recognizing it as a 'preposterous fantasy.' His views have influenced other tech leaders in Silicon Valley, leading to generally shared perspectives on the need for right-wing political investment to spur change.
Thiel's analysis of stagnation as requiring a radical right-wing political turn has also had a profound influence on his peers in Silicon Valley.
Thiel has worried that Western civilization had entered a period of long-term stagnation in the 1970s which will continue unless there is a radical shake-up.
Thiel continued to invest in politicians; some of whom have been elevated to the national stage thanks to his largess.
Although his political investments haven't quite paid off in overcoming stagnation as he'd hoped for, Thiel hoped Trump would open up a conversation.
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