Peter Thiel as ‘reported’ in The Financial Times.

Political Observer comments.

If Capitalism is represented by an ‘investor’, Peter Thiel, what might that say about the state of Capitalism? The Peddler of the 21st Century, Jeff Bezos, employees thousands in his chain of warehouses, and its fleets of delivery vans. Bezos built it from the ground up, Thiel made some very lucky investments, but has only financed people like Bezos. Mr. Thiel is like Sherman McCoy (lead character in ‘Bonfire of the Vanities’, now utterly forgotten) but ‘he’ is reborn in the political present, although with a taste for political thugs, like Henry Ford. That is why Zuckerberg and his familiar Sandberg have ended their political relationship with Thiel.

The job of reinforcing the imperatives of The American National Security State, in their ‘Metaverse’, is a small price to pay- even though Facebook’s popularity/profitability are sinking! Rumble, Substack, TikTok ,and Joe Rogin are the New Places to Be, the New Internet Toys! Facebook is Old News!

The Reader might just compare Thiel with Henry Luce of the Time/Life Empire, now long forgotten. Although ‘Time’ still has 23 million readers.

Political Observer

https://www.ft.com/content/82774b98-965d-4ed8-9876-cd250ed1448c

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.' https://www.lrb.co.uk/v15/n20/perry-anderson/diary
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